GFP Real Estate Refinances Garment District Office Building With $87M Loan From Apple Bank | 520 8th Avenue | Apple Bank | Office | Loan

Summary

Loan

NEW YORK

Office

754,487 sqft

In a recent transaction in the Garment District, a commercial office property located at 520 8th Avenue has secured a refinancing loan. The property, spanning approximately 754,487 square feet, is owned by GFP Real Estate.

Summary of transaction details:

Property Type: Office
Transaction Amount: $87,000,000
Date: 05/03/2022
Lender: Apple Bank for Savings
Landlord: GFP Real Estate

The financing was provided by Apple Bank for Savings. The loan amount of $87,000,000 will be used to refinance the property at 520 8th Avenue. This prominent deal in the Garment District involved key individuals including Eric M. Gural, AnnyRose Pahl, Jeffrey Gural, Jane Gural-Senders, and Brian R. Steinwurtzel.

Players

All
1

Lenders
1

Apple Bank

Details

Deal Summary

FINANCED

IMAGE: Eric M. Gural, AnnyRose Pahl, Jeffrey Gural, Jane Gural-Senders & Brian R. Steinwurtzel DATE: 05/03/2022 ADDRESS: 520 8th Avenue MARKET: Garment District ASSET TYPE: Office ~ SF: 754,487 LENDER: Apple Bank for Savings LANDLORD: GFP Real Estate LOAN AMOUNT: $87,000,000 LOAN TYPE: Refinance

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Address520 8th Avenue

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