The property asset involved in this transaction is an office building located at 341 5th Avenue in Midtown South, Manhattan. The asset spans a total of 107,095 square feet and underwent a refinancing process with a loan amount of $12,500,000 from Amalgamated Bank.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: $12,500,000
• Address: 341 5th Avenue
• Market: Midtown South, Manhattan
• Landlord: Fred Ohebshalom - Empire Management
• Lender: Amalgamated Bank
• Prior Debt: $8,000,000 from JPMorgan Chase

This refinancing deal was executed by Empire Management through Regency Enterprises, replacing existing debt obligations. The transaction signifies a strategic financial move by the landlord, Fred Ohebshalom, in managing the office asset at the specified location.