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Ariel Property Advisors’ Capital Services Group has successfully secured a $33.75 million acquisition loan for Renoir House, a luxurious residential building located at 225 E. 63rd St on Manhattan’s Upper East Side. The property, which features 151 units and spans over 105,282 square feet, was acquired by Aya Acquisitions for $45 million from an undisclosed seller.
The financing was arranged by Matthew Dzbanek and Matt Swerdlow of Ariel’s Capital Services Group through a debt fund. Situated in the desirable Lenox Hill neighborhood, Renoir House is a doorman building that was constructed in 1962 and has recently undergone extensive renovations.
This successful transaction highlights Ariel Property Advisors’ expertise in arranging financing for high-end properties in prime locations such as the Upper East Side of Manhattan.
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