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Citi Real Estate Funding Provides $60 Million Refinance Loan For Office Property In Manhattan

Property Image
FINANCED
$60,000,000

New York

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Office307,798 SF
Financed 02/12/2026
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Property Image
FINANCED

Citi Real Estate Funding Provides $60 Million Refinance Loan For Office Property In Manhattan

136 Madison Avenue

See Similar Deals
Office307,798 SF
Financed 02/12/2026
the dealplayerscompscontact
Contact now

Summary

NEW YORK
Asset Type:Office
Price Per Square Foot:$194
Total Square Footage:307,798 SF
Transaction Type:Loan

The property involved in this transaction is an office building located at 136 Madison Avenue in Manhattan, comprising 307,798 square feet. The refinance loan amount is $60 million, representing 37.1% of its appraised value of $161.9 million.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: $60,000,000
  • Loan Type: Refinance
  • Lender: Citi Real Estate Funding
  • Landlord: Michael T. Cohen, Andrew H. Roos & Robert B. Getreu - Williams Equities
  • Loan Rate: 5.59%
  • Appraised Value: $161.9 million
  • Spread over Treasurys: 176 basis points

The deal involved key individuals including Michael T. Cohen, Andrew H. Roos, and Robert B. Getreu, who represent Williams Equities as landlords in the transaction. Citi Real Estate Funding provided financial backing for this refinance. The structure of the loan includes a five-year interest-only period.

Players

Citi Real Estate Funding
Citi Real Estate Funding
LENDER
Michael T. Cohen
Michael T. Cohen
3 deals$60M volume
LANDLORD
WE
Williams Equities
LANDLORD

Details

FINANCED
IMAGE: Andrew H. Roos, Michael T. Cohen & Robert B. Getreu DATE: 02/12/2026 ADDRESS: 136 Madison Avenue MARKET: Manhattan ASSET TYPE: Office ~ SF: 307,798 LENDER: Citi Real Estate Funding LANDLORD: Michael T. Cohen, Andrew H. Roos & Robert B. Getreu -Williams Equities LOAN AMOUNT: $60,000,000 LOAN TYPE: Refinance NOTE: Citi Real Estate Funding provided a $60 million, five-year interest-only loan at a 5.59% rate to refinance the 307,798-square-foot office building at 136 Madison Ave. in Manhattan, representing 37.1% of its $161.9 million appraised value and a 176-basis-point spread over Treasurys.

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$60,000,000.00

Monthly NOI$400,000.00
Monthly Debt Service$379,240.81
Change in Cash Flow$0.00
Refinance Proceeds$0.00