Facebook RU

Main Menu

  • Facebook News
  • Mark Zuckerberg
  • Facebook Messenger
  • Whatsapp
  • Accounts

Facebook RU

Header Banner

Facebook RU

  • Facebook News
  • Mark Zuckerberg
  • Facebook Messenger
  • Whatsapp
  • Accounts
Accounts
Home›Accounts›Empire State Realty secures $ 180 million loan for New York Tower

Empire State Realty secures $ 180 million loan for New York Tower

By Shirley J. Speights
March 9, 2021
0
0

Estreich & Co. arranged mortgage financing for 250 W. 57th St., a 26-story building in Midtown Manhattan.

250 W. 57th St.

Empire State Realty Trust Received $ 180 Million Mortgage for 542,000 Square Foot Land high-rise offices and shops in midtown Manhattan. Estreich & Co. has arranged the interest-only financing, which bears a fixed rate of 2.83% and is due to mature in December 2030.


READ ALSO: Empire State Building Lands 212 KSF Lease


Located just two blocks from Central Park at 250 W. 57th St., the 26-story tower is within walking distance of Carnegie Hall, Time Warner Center, Lincoln Center and the future flagship location of Nordstrom. In addition, the property offers in-building access to the Time Warner Center / Columbus Circle subway station and road access to 11 other subway lines. Office tenants include Universal Music Group, GuildNet, ASCAP and Mount Sinai, as well as COOKFOX Architects, which received the first WELL Gold and LEED Platinum certifications in New York for its space in the building. Retail tenants include HSBC Bank, Bank of America, AT&T and TJ Maxx.

Originally completed in 1921, the building underwent extensive renovations in 2017. Upgrades included a new Gensler-designed lobby, elevators and storefronts, new windows, as well as system upgrades to building scale such as peak electricity, plumbing, HVAC and security.

The announcement comes less than a month since the Empire State Realty Trust hosted Centric Bands at the Empire State Building. The tenant has signed up for 212,154 square feet of space in the 2.8 million square foot Midtown landmark.

Related posts:

  1. IRS grants tax breaks on canceled PPP loans after law change
  2. Update: Life Insurance Company Activity During COVID-19 Pandemic
  3. Gareth Bale: Spurs boss Jose Mourinho says there has been no discussion on whether to extend loan spell | Football news
  4. Greensill used Credit Suisse investment funds to lend to its own backers

Recent Posts

  • Here’s how to file a claim to be part of a new $90 million Facebook settlement – NBC Chicago
  • Zuckerberg Drops Top 20 List, As Facebook Founder Loses More N1tn
  • Facebook groups are being redesigned to look like Discord
  • How to Fix WhatsApp Call Not Ringing on Android Device
  • You may be owed money in a new Facebook class action lawsuit worth millions. Here’s how to find out – NBC Chicago

Archives

  • June 2022
  • May 2022
  • April 2022
  • March 2022
  • February 2022
  • January 2022
  • December 2021
  • November 2021
  • October 2021
  • September 2021
  • August 2021
  • July 2021
  • June 2021
  • May 2021
  • April 2021
  • March 2021

Categories

  • Accounts
  • Facebook Messenger
  • Facebook News
  • Mark Zuckerberg
  • Whatsapp
  • Terms and Conditions
  • Privacy Policy