Jeffrey Feil Of The Feil Organization Secures $63.8 Million Refinance Loan For Office In Gramercy

The property asset involved in the context is an office building located at 251 Park Avenue South in the Gramercy market of Manhattan. The asset has a total square footage of 103,384. Recently, the property was refinanced with a loan amount of $63,800,000 sourced from Citibank, replacing prior debt held with M&T Bank.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: $63,800,000
• Lender: Citibank
• Landlord: Jeffrey Feil - The Feil Organization
• Asset Size: 103,384 SF
• Address: 251 Park Avenue South
• Market: Gramercy, Manhattan
• Loan Type: Refinance

The deal was represent by Jeffrey Feil, who is affiliated with The Feil Organization, ensuring the refinancing process was managed by experienced hands in the commercial real estate sector.