Alf Naman secured a $120m construction loan from Marathon Asset Management for his seven-unit luxury condo project at 125 Perry Street in the West Village. The loan replaces a previous $39.5m loan used to acquire the site for $64.2m. The project, which includes two penthouses, two townhouse-style homes, and three loft units, is a conversion of a historic parking garage retaining its facade. Amenities will include a fitness center, pickleball court, spa facilities, and parking. Sales have been strong, with four units sold, including a $57.5m penthouse. The project’s sellout is projected at $262.9m, with completion expected in 2026.
Alf Naman
