Rudin Management Company Secures $425 Million Loan For 32 6th Avenue Office In Manhattan

The asset involved in this transaction is the office property located at 32 6th Avenue, situated in the Manhattan market. The loan amount secured for this landmark office tower is $425,000,000. Additionally, the loan has been extended to mature in November 2029, which includes $100,000,000 allocated for planned capital improvements.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: $425,000,000
• Address: 32 6th Avenue
• Market: Manhattan
• Landlord: Michael Rudin & Samantha Rudin Earls - Rudin Management Company
• Broker: Robert Verrone - Iron Hound Management Company
• Loan Maturity Date: November 2029
• Capital Improvements Amount: $100,000,000

The individuals involved in this transaction include Michael Rudin and Samantha Rudin Earls, representing Rudin Management Company as landlords. Robert Verrone from Iron Hound Management Company acted as the broker for this deal. The significant aspects of the transaction include a four-year extension on the CMBS loan that has facilitated future capital improvements for the asset.