Jeff Sutton, Bobby Cayre & Alex Adjmi Secure $10M Loan For 511 5th Ave Office | 511 5th Avenue | Office | Loan

Summary

Loan

NEW YORK

Office

125,632 sqft

The office building at 511 5th Avenue in Grand Central, Manhattan, with a total square footage of 125,632, was the subject of a $10 million loan secured by Jeff Sutton's Wharton Properties, Bobby Cayre's Aurora Capital Associates, and Alex Adjmi's ACHS Management from NongHyup Bank.

Summary of transaction details:

Property Type: Office
Transaction Amount: $10,000,000
Address: 511 5th Avenue
Market: Grand Central, Manhattan
Lender: DAOL Financial Group
Landlord: Jeff Sutton - Wharton Properties, Bobby Cayre - Aurora Capital Associates, Alex Adjmi - ACHS Management

The loan for this property was secured from NongHyup Bank by Jeff Sutton, Bobby Cayre, and Alex Adjmi, prominent figures in the real estate industry with ties to Wharton Properties, Aurora Capital Associates, and ACHS Management, respectively.

Details

Deal Summary

FINANCED

IMAGE: Bobby Cayre, Jeff Sutton & Alex Adjmi DATE: 04/15/2024 ADDRESS: 511 5th Avenue MARKET: Grand Central, Manhattan ASSET TYPE: Office ~ SF: 125,632 LENDER: DAOL Financial Group LANDLORD: Jeff Sutton - Wharton Properties, Bobby Cayre - Aurora Capital Associates & Alex Adjmi - ACHS Management LOAN AMOUNT: $10,000,000 NOTE: Jeff Sutton’s Wharton Properties, Bobby Cayre’s Aurora Capital Associates, and Alex Adjmi’s ACHS Management secured a $10 million loan from NongHyup Bank for the office building at 511 5th Avenue in Grand Central, Manhattan.

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Address511 5th Avenue

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