Olnick Organization Refinances Harlem Apartments for $171M
Why this matters
Multifamily has been the most actively underwritten sector through the rate cycle, with cap rate compression resuming in Sun Belt and gateway markets as 2024-2025 deliveries roll off and refinance demand on 2021-vintage bridge loans clears. Transaction velocity is up modestly, concentrated in stabilized Class A and grocery-adjacent garden assets. Allocators continue to favor residential for its income durability and its insulation from secular demand questions that still hang over commercial sectors.
Editorial analysis · Real Estate Trail Editorial
On the RET wire
- Disclosed multifamily deal value tracked in October 2026: $673.6M across 11 reported transactions. All Multifamily coverage →
Computed from Real Estate Trail’s own tracked coverage
Walker & Dunlop arranged $170.5 million in permanent financing to refinance Lenox Terrace, a multifamily community at 484 Malcolm X Blvd. in Harlem. A Walker & Dunlop Capital Markets Institutional Advisory team led by…
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