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February Wrap-Up: Top 5 CRE Financing Deals in NYC

03/22/2016
Published By: Reonomy

Reonomy's blog covers the top five lending activities that take place in New York each month. The details of these transactions are powered by our data engine which covers every transaction in all five boroughs by aggregating, cleansing and validating hundreds of sources of information.

February was another busy month for Manhattan. The month’s largest mortgages were secured for properties located in Greenwich Village, Midtown East and Flatiron.

Largest mortgage:
377 East 33rd Street @ $1 billion

This deal includes the building as well as 4 air rights lots. 

Amount: $1 billion 
Borrower/Owner: Dermot Realty Management Co., SPI Commercial Powell LP, Verbena Road Holdings LP 
Lender: Signature Bank 
Neighborhood: Midtown East 
Building Category: Elevator Miscellaneous

Reonomy users: view full property details in Reonomy

Number 2:
770 Broadway @ $700 million

Mortgage Amount: $700 million 
Borrower/Buyer: Vornado Realty Trust 
Lender: Morgan Stanley Mortgage Capital Holdings LLC 
Neighborhood: Greenwich Village 
Building Category: Office

View full property details in Reonomy

Number 3:
885 3rd Avenue @ $276.6 million

Mortgage Amount: $276.6 million 
Sale Price: $453 million 
Borrower/Buyer: Ceruzzi Holdings 
Lender: US Bank National Association 
Neighborhood: Midtown East 
Building Category: Office

View full property details in Reonomy

Number 4:
245 5th Avenue @ $160 million

Mortgage Amount: $160 million 
Borrower/Owner: Moinian Group 
Lender: AIG Investments 
Neighborhood: Flatiron 
Building Category: Office

View full property details in Reonomy

Number 5:
206 Amsterdam Avenue @ $160 million

Mortgage Amount: $160 million 
Sale Price: $275 million 
Borrower/Owner: SJP Residential Properties 
Lender: Sumitomo Mitsui Trust Bank 
Neighborhood: Lincoln Square 
Building Category: Educational Facility/Miscellaneous

View full property details in Reonomy

Want to know about February's biggest sales? Read more about the top five deals in NYC last month here.

 

 

Release Date03/22/2016 - 10:25

Source

Reonomy

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