New York Community Bank Provides $77M Refinance Loan For 142,000 SF Office Building On 5th Ave. In Midtown South

The property involved in this closed transaction is an office building located at 130 5th Ave. in Midtown South. The property spans approximately 142,000 square feet.

Summary of transaction details

• Property Type: Office
• Transaction Amount: $77,000,000
• Address: 130 5th Ave.
• Market: Midtown South

The lender for this transaction is New York Community Bank. The landlord of the property is the Olnick Organization, represented by Seth Schochet. The brokers involved in the deal are Jonathan Schwartz, Aaron Appel, Keith Kurland, and Adam Schwartz from Walker & Dunlop.

The loan provided for this transaction is a $77,000,000 refinance loan. It has a fixed rate and a term of 12 years.