Zar Property NY Secures $85 Million Refinance Loan For Mixed-Use Assets In Midtown Manhattan

A refinancing transaction took place involving mixed-use and retail assets located at 349 5th Avenue and 244-250 West 54th Street in Midtown Manhattan, encompassing a total square footage of 243,228. The loan amount for this refinancing was $85,000,000.

Summary of transaction details:

• Property Type: Mixed Use & Retail
• Transaction Amount: $85,000,000
• Asset Address: 349 5th Avenue & 244-250 West 54th Street
• Market: Midtown Manhattan
• Square Footage: 243,228
• Landlord: Dario Zar, David Zar, Simon Zar, Jonathan Zar & Julian Zar - Zar Property NY
• Broker: Isaac Filler, Yossi Koschitzki & Michael Neumann - Filler Capital
• Loan Type: Refinance

Filler Capital LLC represented Zar Property NY in this refinancing process, underlining a valued relationship with a long-term lender. The transaction showcases the robust partnership between the involved parties. The collaboration signifies support for Zar's ongoing success in managing their distinguished portfolio of properties.