Signature Bank Provides $7.98M Loan For Office Building In Plaza District

The property asset involved in this transaction is located at 31-33 West 54th Street in the Plaza District. The asset is an office space with a lot size of 20 ft x 100.42 ft and falls under tax class 4. The zoning of the property is C5-P, and the maximum floor area ratio (FAR) allowed for the property is 8 for residential use. The building has a current FAR of 3.41. The loan for this transaction was provided by Signature Bank in the amount of $7,983,469. The landlord of the property is George Malkemus.

Summary of transaction details:

• Property Type: Office
• Loan Amount: $7,983,469
• Address: 31-33 West 54th Street
• Market: Plaza District

In this deal, Signature Bank acted as the lender, providing the loan amount mentioned above. The landlord of the property, George Malkemus, was involved in the transaction as well.