Apple Bank For Savings Provides $55M Loan To Adler Group For Madison Avenue Office Refinance

Located at 654 Madison Avenue in the Lenox Hill neighborhood of Manhattan, this office property spans an impressive 136,733 square feet. The asset, part of a closed transaction, is owned by the Adler Group and the tenant is Apple Bank for Savings. The deal, which took place on October 7, 2022, involved a refinance loan.

Summary of transation details

• Property Type: Office
• Transaction Amount: $55,000,000
• Address: 654 Madison Avenue
• Market: Lenox Hill, Manhattan
• Asset Size: 136,733 square feet
• Lender: Apple Bank for Savings - Cynthia Wang
• Landlord: Adler Group - Robert Liberman

Cynthia Wang, a representative from Apple Bank for Savings, played a key role in facilitating the loan refinancing. The Adler Group, led by Robert Liberman, was responsible for overseeing the property as the landlord. This transaction exemplifies the ongoing activity in the Lenox Hill market, highlighting the significance of the deal for both the lender and the landlord.