Deutsche Bank Provides $71.5M Acquisition Loan For Office Building On 5th Avenue

The office property located at 529 5th Avenue in New York City has been involved in a recent loan transaction. The property is an office space with a total area of 281,460 square feet. The loan amount for this transaction was $71,500,000, provided by Deutsche Bank for the purpose of acquisition.

Summary of transaction details

• Property Type: Office
• Transaction Amount: $71,500,000
• Address: 529 5th Avenue
• Market: New York City
• Lender: Deutsche Bank
• Landlord: Empire Holdings - Josh Rahmani & Ebi Khalili; & Namdar Realty Group - Igal Namdar
• Brokers: Jordan Roeschlaub, Dustin Stolly, Daniel Fromm - Newmark; & Rael Gervis & Elliott Kunstlinger - Meridian Capital Group
• Loan Type: Acquisition

The key individuals and companies involved in this deal include Jordan Roeschlaub, Dustin Stolly, and Daniel Fromm from Newmark, and Rael Gervis and Elliott Kunstlinger from Meridian Capital Group acting as brokers. The landlords in this transaction were Empire Holdings represented by Josh Rahmani and Ebi Khalili, as well as Namdar Realty Group represented by Igal Namdar.