Walker & Dunlop Arranges $203 Million in Financing for East Village Mixed-Use Multifamily Property
Walker & Dunlop arranged $203.5 million in floating-rate, interest-only construction financing for 50 Third Avenue, a 184-unit mixed-use multifamily development in Manhattan's East Village. WD's Capital Markets Institutional Advisory team served as exclusive advisor to joint venture partners SK Development and Kinsmen Property Group, with the loan placed through Ironsand.
Key figures
- Deal Value Usd
- 203500000
- Submarket vacancy rate
- approximately 2.0%
- H1 2026 non agency volume
- $13.9 billion
- Submarket avg asking rent
- approximately $5,440 per month
- H1 2026 multifamily volume
- nearly $9.6 billion
AI analysis
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