Fifth Avenue office building

Office | New York, NY

Refinancing of a boutique office building in Manhattan, positioned in the heart of central Manhattan in the NoMad neighborhood, with thriving technology and creative businesses and within blocks of a major commuter hub.

Investment highlights

  • The 12-story office tower is located in a bustling neighborhood referred to as “Silicon Alley.”
  • Property is located within a few blocks of Penn Station, which serves more than 600,000 commuters a day, as well as multiple subway lines.
  • The NoMad district offers numerous restaurants and hotels available to serve business needs.

Location

Investment details1

Total loan size
$30,000,000
Purpose
Refinancing
LTV
54%
Date of loan
04/20/18
Year built
1900
Square feet
65,500
Portfolio weight
4.8%

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