Hartz Mountain Industries Refinances Office Building At 667 Madison Avenue With $254 Million Loan
667 Madison Avenue
$254,000,000
$1,027/SF
Building Size
247,260 SF
Asset Type
Office
Closing
Oct 6, 2026
About this deal
AI
Hartz Mountain Industries refinanced its office building located at 667 Madison Avenue in the Lenox Hill market of Manhattan. The building has a total square footage of 247,260. The loan was secured for $254 million.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $254,000,000
- Lender: M&T Bank
- Landlord: Leonard N. Stern - Hartz Mountain Industries
- Loan Type: Refinance
- Date of Closing: October 6, 2026
- Date Recorded: October 9, 2026
Leonard N. Stern is the landlord representing Hartz Mountain Industries in this refinance transaction. The involvement of M&T Bank as the lender indicates the financial backing facilitating this refinancing process.
On the Map
$254,000,000
$1,027/SF
Office
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Players
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.06%
Cash-on-Cash
-0.02%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93