HFF Arranges $150M Financing for Madison Belvedere

HFF Arranges $150M Financing for Madison Belvedere

NEW YORK—The HFF team of John Rose and Steven Klein, managing directors, acting on behalf of a pension fund advised by Invesco, has arranged a $150 million in financing through Cornerstone Real Estate Advisers, for the Madison Belvedere, a 50-story, 404-unit, class-A multihousing property.

Located in close proximity to Madison Square Park, the property is situated at 10 East 29th Street between Fifth and Madison Avenues and is three blocks from Madison Square Park.

Constructed in 1999, the Madison Belvedere includes studio, one- and two-bedroom units and is currently 93 percent leased. Amenities at the property include a fitness center, concierge, landscaped plaza, private storage units and a furnished roof deck.

Hide comments


  • Allowed HTML tags: <em> <strong> <blockquote> <br> <p>

Plain text

  • No HTML tags allowed.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Lines and paragraphs break automatically.