Newmark Secures $275 Million Financing for Luxury Residential Development in New York, NY
Newmark (NMRK) has successfully arranged a $275 million refinancing loan for 63-67 Wall Street, a luxury two-tower multifamily property in New York City's Financial District. The financing was secured for owners Rockpoint and Brooksville Company, with Apollo Global Management providing the funding.
The 816-unit residential complex, originally built as two separate office buildings in 1921 and 1928, was converted into apartments in 2004 and 2006. Since acquiring the property in 2016, Rockpoint and Brooksville Company have implemented significant improvements, including apartment renovations, upgraded common areas and amenity spaces, and retail space reconfiguration.
Newmark (NMRK) ha organizzato con successo un prestito di rifinanziamento di 275 milioni di dollari per il 63-67 di Wall Street, una lussuosa proprietà multifamiliare con due torri nel Distretto Finanziario di New York. Il finanziamento è stato garantito per i proprietari Rockpoint e Brooksville Company, con Apollo Global Management che ha fornito i fondi.
Il complesso residenziale di 816 unità, originariamente costruito come due edifici per uffici separati nel 1921 e nel 1928, è stato convertito in appartamenti nel 2004 e nel 2006. Dalla sua acquisizione nel 2016, Rockpoint e Brooksville Company hanno implementato significativi miglioramenti, tra cui ristrutturazioni degli appartamenti, aggiornamenti delle aree comuni e degli spazi di servizio, e riconfigurazione degli spazi commerciali.
Newmark (NMRK) ha gestionado con éxito un préstamo de refinanciamiento de 275 millones de dólares para el 63-67 de Wall Street, una lujosa propiedad multifamiliar de dos torres en el Distrito Financiero de Nueva York. El financiamiento fue asegurado para los propietarios Rockpoint y Brooksville Company, con Apollo Global Management proporcionando los fondos.
El complejo residencial de 816 unidades, construido originalmente como dos edificios de oficinas separados en 1921 y 1928, fue convertido en apartamentos en 2004 y 2006. Desde que adquirieron la propiedad en 2016, Rockpoint y Brooksville Company han implementado mejoras significativas, incluyendo renovaciones de apartamentos, actualización de áreas comunes y espacios de servicios, y reconfiguración de los espacios comerciales.
Newmark (NMRK)는 뉴욕 금융 지구에 위치한 두 개의 고급 다가구 타워인 63-67 월가에 대해 2억 7천 5백만 달러의 재융자 대출을 성공적으로 마련했습니다. 이 자금은 Rockpoint와 Brooksville Company의 소유자에게 제공되었으며, Apollo Global Management가 자금을 지원했습니다.
816세대의 주거 단지는 1921년과 1928년에 각각 두 개의 별도 사무실 건물로 지어졌으며, 2004년과 2006년에 아파트로 전환되었습니다. 2016년 이 자산을 인수한 이후 Rockpoint와 Brooksville Company는 아파트 리노베이션, 공용 공간 및 편의 시설 업그레이드, 상업 공간 재구성 등 상당한 개선 작업을 수행했습니다.
Newmark (NMRK) a réussi à organiser un prêt de refinancement de 275 millions de dollars pour le 63-67 Wall Street, une propriété multifamiliale de luxe à deux tours dans le quartier financier de New York. Le financement a été sécurisé pour les propriétaires Rockpoint et Brooksville Company, avec Apollo Global Management fournissant les fonds.
Le complexe résidentiel de 816 unités, construit à l'origine comme deux bâtiments de bureaux séparés en 1921 et 1928, a été converti en appartements en 2004 et 2006. Depuis l'acquisition de la propriété en 2016, Rockpoint et Brooksville Company ont mis en œuvre des améliorations significatives, notamment des rénovations d'appartements, la mise à niveau des espaces communs et des installations, ainsi que la reconfiguration des espaces commerciaux.
Newmark (NMRK) hat erfolgreich einen Refinanzierungsdarlehen in Höhe von 275 Millionen Dollar für die 63-67 Wall Street arrangiert, eine luxuriöse Mehrfamilienimmobilie mit zwei Türmen im Finanzdistrikt von New York City. Die Finanzierung wurde für die Eigentümer Rockpoint und Brooksville Company gesichert, wobei Apollo Global Management die Mittel bereitstellte.
Der 816-Einheiten-Wohnkomplex, der ursprünglich 1921 und 1928 als zwei separate Bürogebäude erbaut wurde, wurde 2004 und 2006 in Apartments umgewandelt. Seit dem Erwerb der Immobilie im Jahr 2016 haben Rockpoint und Brooksville Company erhebliche Verbesserungen umgesetzt, darunter die Renovierung von Apartments, die Aufwertung von Gemeinschaftsbereichen und Annehmlichkeiten sowie die Umgestaltung von Einzelhandelsflächen.
- Secured substantial $275M refinancing loan
- Large-scale property with 816 residential units
- Recent renovations and upgrades completed
- Prime Financial District location
- None.
Rockpoint and Brooksville Company acquired 63-67 Wall Street in 2016, and have since invested heavily in apartment renovations, fully upgraded common areas and amenity space, and a reconfiguration of the retail space. The 816-unit residential complex was originally constructed as two separate office buildings – 67 Wall Street, built in 1921 as the headquarters for the Munson Shipping Company, and 63 Wall Street, built in 1928 as the headquarters for Brown Brothers Harriman & Co. The buildings were converted into apartments in 2006 and 2004, respectively.
Located in the heart of the Financial District, the property today provides residents with convenient access to fine dining, shopping and immediate proximity to numerous transportation lines.
About Newmark
Newmark Group, Inc. (Nasdaq: NMRK), together with its subsidiaries ("Newmark"), is a world leader in commercial real estate, seamlessly powering every phase of the property life cycle. Newmark's comprehensive suite of services and products is uniquely tailored to each client, from owners to occupiers, investors to founders, and startups to blue-chip companies. Combining the platform's global reach with market intelligence in both established and emerging property markets, Newmark provides superior service to clients across the industry spectrum. For the twelve months ended December 31, 2024, Newmark generated revenues of over
Discussion of Forward-Looking Statements about Newmark
Statements in this document regarding Newmark that are not historical facts are "forward-looking statements" that involve risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements. These include statements about the Company's business, results, financial position, liquidity, and outlook, which may constitute forward-looking statements and are subject to the risk that the actual impact may differ, possibly materially, from what is currently expected. Except as required by law, Newmark undertakes no obligation to update any forward-looking statements. For a discussion of additional risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see Newmark's Securities and Exchange Commission filings, including, but not limited to, the risk factors and Special Note on Forward-Looking Information set forth in these filings and any updates to such risk factors and Special Note on Forward-Looking Information contained in subsequent reports on Form 10-K, Form 10-Q or Form 8-K.
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SOURCE Newmark Group, Inc.
FAQ
What is the value of the refinancing loan secured by Newmark (NMRK) for 63-67 Wall Street?
How many residential units are in the 63-67 Wall Street property financed through Newmark (NMRK)?
When did Rockpoint and Brooksville Company acquire the Wall Street property refinanced by Newmark (NMRK)?
What improvements have been made to the 63-67 Wall Street property since its acquisition?
What was the original purpose of the buildings at 63-67 Wall Street before conversion?
