Walker & Dunlop has secured a $158 million construction loan for the development of 401 E. 51st St., a luxury condominium project in Manhattan’s Turtle Bay neighborhood. The financing was arranged by the W&D New York Capital Markets team, led by Aaron Appel, Keith Kurland, Jonathan Schwartz, Adam Schwartz, Sean Reimer and Sean Bastian on behalf of CBSK Developers.
The 26-story tower will feature 83 high-end residences ranging from studios to five-bedroom penthouses. Located between First Avenue and Beekman Place, it will span over 116,000 square feet.
Residents at this prime location will have access to an array of restaurants and retail options as well as exclusive amenities such as a state-of-the-art fitness center and resident lounge with private dining area according to Walker & Dunlop.
