Michael Sklar Of Ninety-Five Madison Company Secures $23M Loan For Office Building

An office building with a square footage of 146,161 located at 89 Madison Avenue in NoMad, Manhattan was the subject of a $23 million loan transaction. The loan was secured by landlord Michael Sklar, facilitated by lender Eric Goodman of Goodman Capital. The property has been owned by Rita Sklar and her family for decades.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: $23,000,000
• Address: 89 Madison Avenue
• Market: NoMad, Manhattan

Michael Sklar, representing Ninety-Five Madison Company, L.P., facilitated an initial $23 million loan with lender Goodman Capital for the office building. The transaction was further facilitated by Madison Avenue Servicing LLC.