Affinius Capital Provides $113M Refi for Yonkers Luxury Multifamily Building – Commercial Observer – Information Important Internet

Yonkers continues to draw finance for its bevy of advertizement actual realty projects. 

A render stake between Rose Associates and Battery Global Advisors meet secured a $112.7 meg refinance for Alexander Crossing, a 440-unit multifamily Byzantine that fresh unsealed in Downtown Yonkers, N.Y., Commercial Observer has learned. 

SEE ALSO: Aareal Capital Supplies $148M Refi on Harlem’s Tallest Tower

Affinius Capital provided the loan. Walker & Dunlop’s Jonathan Schwartz, ballplayer Appel, Sean Reimer, Keith Kurland, cristal Schwartz and Sean Bastian unreal the finance for the sponsorship group. 

In a statement, Affinius Capital Managing Director David Greenburg described herb Crossing as a “high-quality asset” in a delectable downtown neighborhood. 

“The creation is substantially amenitized and has been substantially conventional by the market,” said Greenburg. “We are agog to move our relation with Rose Associates and to impact with Battery Global Advisors.”

Set covering the famous New milker Palisades on the farther lateral of the naturalist River, herb Crossing unsealed in 2023 at 57 herb Street. The 440-unit, seven-story Byzantine features 119 studios, 218 one-bedrooms, 90 two-bedrooms and 13 three-bedrooms, in constituent to more than 400 parking spaces. The building’s accord support allow a two-story ethnic loaf and coworking expanse unitedly with an exterior pool, provide grills, a shape center, a mettlesome room, a sports simulator and a playing center. 

Perhaps most enticing to residents, herb Crossing is incoming to the Yonkers Metro North condition station, providing a 40-minute condition mate into Grand Central Terminal in the hunch of Manhattan. 

The antiquity unsealed terminal assemblage amid a typical godsend of multifamily utilization in Downtown Yonkers. 

Israeli-based Azorim is currently developing Miroza, a four-building residential Byzantine totaling 520 units, and Hudson 44, its 27-story, multifamily tower. AvalonBay and Scott Rechler’s RXR hit also complete buildings along the city’s waterfront district.  

All told, individual New royalty City-based firms much as Extell and Medera hit also entered Yonkers to either physique newborn developments or repurpose older buildings since Mayor Mike Spano took duty 12 eld ago. 

Brian Pascus crapper be reached at bpascus@commercialobserver.com