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Build NYC Resource Corporation Provides $43M Acquisition Loan For Office Condo At 40 Rector Street In Financial District

40 Rector Street
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This Office property located in NY received a loan of $43,000,000 about 3 years ago.

An office condo located at 40 Rector Street in the Financial District has recently undergone a closed transaction. The property, spanning 24,412 square feet, was acquired through an acquisition loan. The loan amount secured for this transaction was $43,000,000. The office condo is owned by the Union of Orthodox Jewish Congregations, with Mark Bane acting as the representative for the landlord.

Summary of transaction details:

  • Property Type: Office condo
  • Transaction Amount: $43,000,000
  • Square Footage: 24,412
  • Address: 40 Rector Street
  • Market: Financial District

Representing the lender in this transaction was the Build NYC Resource Corporation. Mark Bane, from the Union of Orthodox Jewish Congregations, served as the landlord's representative in the deal.

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Deals
  • Location
    40 Rector Street, Manhattan, New York, NY, USA40 Rector Street, Manhattan, New York, NY, USA
  • Loan Value
    $43,000,000$43,000,000
  • Asset Type
    OfficeOffice

Deal Summary

LOAN IMAGE: Mark Bane DATE: 02/19/2021 ADDRESS: 40 Rector Street MARKET: Financial District ASSET TYPE: Office condo LENDER: Build NYC Resource Corporation LANDLORD: Union of Orthodox Jewish Congregations - Mark Bane LOAN AMOUNT: $43,000,000 LOAN TYPE: Acquisition Loan SF: 24,412

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