Property Markets Group and Madison Equities have secured a $95 million construction loan for 10 Sullivan Street in Soho.
The five-year non-recourse loan was negotiated by Mission Capital Advisors, the New York Observer reported. The offshore lender was not identified.
The flatiron-shaped project designed by Cary Tamarkin consists of a 16-story, 19-unit apartment building and four townhouses. The homes range from two-bedrooms to four-bedrooms, in addition to a duplex apartment and “the highest residence in all of SoHo,” a triplex penthouse with an indoor pool and roof deck. Pricing will range from $2.5 million to more than $10 million, according to the teaser site.
Amenities include a 24-hour doorman, gym, basement storage, cold storage, bike/stroller storage and a limited number of indoor parking spaces.
The sales office opens April 1st for showings, and the building is slated for occupancy in mid-2015.
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