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Newmark Brokers Secure $58.5M Loan For Midtown East Office Building

110 East 42nd Street
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This Office property located in NY received a loan of $58,500,000 over 2 years ago. The brokers of the deal were Christopher (Chris) Kramer, Daniel Fromm, Nick Scribani, Dustin Stolly, and Jordan (Jordy) Roeschlaub

The office building located at 110 East 42nd Street in Midtown East has been involved in a recent transaction. The property spans a total of 213,000 square feet and falls within the office asset category.

Summary of transaction details

This transaction involved an acquisition loan, with Apollo Global Capital providing a loan amount of $58,500,000. The property was represented by Newmark brokers Dustin Stolly, Jordy Roeschlaub, Daniel Fromm, Nick Scribani, and Chris Kramer. The landlord, Jeff Kaplan of Meadow Partners, facilitated the deal.

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Deals
  • Location
    110 East 42nd Street, New York City, New York 10017, United States110 East 42nd Street, New York City, New York 10017, United States
  • Loan Value
    $58,500,000$58,500,000
  • Asset Type
    OfficeOffice
  • Parties
    5 Brokers, 1 Agency, 1 Lender5 Brokers, 1 Agency, 1 Lender

Agents

Dustin Stolly

Dustin Stolly

Deals218
Financed$37.6B

Daniel Fromm

Daniel Fromm

Deals60
Financed$4.2B

Jordan (Jordy) Roeschlaub

Jordan (Jordy) Roeschlaub

Deals195
Financed$34.6B

Nick Scribani

Nick Scribani

Deals98
Financed$14.6B

Agency

Newmark

Newmark

Agency
Deals3891
Volume$397.4B

Apollo Global Capital

Apollo Global Capital

Lender
Deals10
Volume$ 292.6B

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Deal Summary

LOAN IMAGE: Jordy Roeschlaub, Dustin Stolly, Jeff Kaplan, Nick Scribani, Chris Kramer & Daniel Fromm DATE: 12/21/2021 ADDRESS: 110 East 42nd Street MARKET: Midtown East ASSET TYPE: Office ~ SF: 213,000 LENDER: Apollo Global Capital LANDLORD: Meadow Partners - Jeff Kaplan BROKERS: Dustin Stolly, Jordy Roeschlaub (@JordyRoeschlaub), Daniel Fromm (@ddwb), Nick Scribani & Chris Kramer - Newmark (@Newmark) LOAN AMOUNT: $58,500,000 LOAN TYPE: Acquisition loan

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110 East 42nd Street

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