Himmel & Meringoff Properties Refinances Mixed-Use Building On Seventh Avenue For $60M

The mixed-use property at 729 Seventh Avenue in Manhattan, NY has been refinanced in a deal involving Himmel + Meringoff Properties and Signature Bank. The property spans across 164,000 square feet and was refinanced for an amount of $60 million. The 12-year loan has a fixed rate of 4.25%. Notably, the building is the home of BroadwayCom.

Summary of transaction details

• Property Type: Mixed-use
• Transaction Amount: $60 million
• Address: 729 Seventh Avenue, Manhattan, NY
• Landlord: Himmel + Meringoff Properties – Stephen Meringoff
• Lender: Signature Bank – Joseph J. DePaolo
• Broker: Meridian Capital Group
• Square Footage: 164,000 sf

In this refinancing deal, Joseph J. DePaolo from Signature Bank acted as the lender, while Stephen Meringoff from Himmel + Meringoff Properties represented the landlord. The transaction was facilitated by Meridian Capital Group, the brokerage involved in the deal.