Rudin Management Company Secures $60M Refinance From Prudential Financial For 641 Lexington Avenue

The asset involved in this transaction is 641 Lexington Avenue, an office property located in Manhattan, with a total area of 426,775 square feet. The building, which underwent renovations in 2004 and 2013, comprises 32 stories and is situated near Rockefeller Center. It has secured a refinancing loan amounting to $60,000,000.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: $60,000,000
• Lender: Prudential Financial
• Landlord: Samantha Rudin Earls & Michael Rudin - Rudin Management Company
• Market: Manhattan
• Vacancy Rate: 20.8%

Rudin Management Company played a pivotal role in this transaction, with both Samantha Rudin Earls and Michael Rudin serving as the landlords. The building hosts several tenants, including Gruner & Co. and Alstom.