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Manocherian Brothers land $65 million Refi at 400 East 71st Street

400 East 71st Street (Credit: Google Maps)

The Manocherian Brothers have secured a $65 million loan from Bank of New York Mellon to refinance 400 East 71st Street. The residential property spans 357,785 square feet, and contains 417 apartments, a garage (36,000 square feet), plus a retail component (10,000 square feet).

  • Financing details: The package consolidates previous debt, including a $20 million loan provided by Santander Bank. It also includes a new $4.2 million mortgage, according to the Commercial Observer citing NYC public records.

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