Empire Capital Holdings And Olmstead Properties Secures $81.9 Million Loan From BNY Mellon

The property asset involved in this transaction consists of two office buildings located at 373 Park Avenue South and 381 Park Avenue South, situated within the Flatiron market. The total square footage of the properties is 356,000. The deal involved a loan amount of $81,900,000 specifically for acquisition purposes.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: $81,900,000
• Address: 373 Park Avenue South & 381 Park Avenue South
• Market: Flatiron
• Lender: BNY Mellon
• Landlord: Empire Capital Holdings - Ebi Khalili, Josh Rahmani & Aaron Bergman; Olmstead Properties - Steve Marvin, Patrick Pavone, Samuel Rosenblatt; & Vertex
• Brokers: Daniel Fromm & Jordan Roeschlaub - Newmark

The key individuals involved in the deal include representatives from Empire Capital Holdings, Olmstead Properties, and Vertex, alongside brokers Daniel Fromm and Jordan Roeschlaub from Newmark. Their collaboration facilitated the acquisition financing for this significant property transaction.