Kaufman Organization has successfully secured a $33 million refinancing for their property located at 111 West 19th St. in Chelsea, New York City. The eight-story building spans over 189,731 square feet and features both office and retail space.
The financing was obtained from Citigroup Inc., with the assistance of a JLL debt advisory team led by Aaron Niedermayer. According to Niedermayer, the property stands out as an attractive option for tenants due to its high-quality building standards and prime location in bustling Chelsea.
Owned by Kaufman Organization for more than seven decades, the property is currently occupied by various tenants including Kleinfeld Bridal as its retail tenant.
