Namdar Realty Group And Empire Capital Holdings Secure $111.2M Loan For Manhattan Office Properties On Fifth Avenue

Igal Namdar, of Namdar Realty Group, and Josh Rahmani, of Empire Capital Holdings, recently secured a $111.2 million loan for two office properties in Manhattan. The loan was facilitated by an undisclosed lender through Reznik Paz Nevo Trusts. The properties are located at 529 Fifth Avenue in the Grand Central area and 587 Fifth Avenue in Midtown East. These office spaces have a combined square footage of 305,188 square feet.

Summary of Transaction Details

• Property Type: Office
• Transaction Amount: $111,201,519
• Address: 529 Fifth Avenue & 587 Fifth Avenue
• Market: Grand Central & Midtown East, Manhattan

Namdar Realty Group and Empire Capital Holdings were the landlords involved in the transaction. It is worth noting that the lender's identity has not been disclosed.