S
torage Post has secured $47 million to refinance its East Village self‑storage facility in Manhattan, Commercial Observer reports. Nuveen Real Estate provided the debt, while Steven Klein and Robert Tonnessen of JLL Capital Markets brokered the transaction. Klein highlighted Manhattan’s scarcity of self‑storage space—only 0.63 sq ft per square mile near the property versus the national average of 6.32 sq ft—and praised Storage Post’s repositioning and growth potential.

    The 78,000‑sq‑ft complex at 444 East 10th Street occupies the historic Wheatsworth Building, built in 1928. It contains 1,959 climate‑controlled units and sits in a mixed residential‑retail sub‑market that hosts NYU and The New School. Storage Post and Almanac Realty Investors, a $500 million equity partner, purchased the property in April 2022 for $61 million from Keepers Self Storage. Since then, the joint venture has invested $8.6 million in upgrades, raising occupancy to 91.2 percent.

    Storage Post did not comment. Brian Pascus can be reached at [email protected].