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Deutsche Bank Provides $42M Loan For Office Building At 420 Fifth Ave

420 5th Avenue
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This Office property located in NY was sold almost 6 years ago. The brokers of the deal were Michael Ianno, Adam Schwartz, Keith Kurland, Jonathan Schwartz, Jackson Sastri, Aaron Appel, Doug Blankrot, Craig Waggner, James Nelson, David Lawrence, John Ciraulo, and Henry Post

420 Fifth Ave, a prominent office building located in New York, was involved in a recent transaction. The property, owned by @WitkoffCo, secured a loan of $42,000,000 from Deutsche Bank. This loan will provide financial support for the development and operations of the office asset.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: $42,000,000

The deal was facilitated by a team of brokers from JLL NY Capital Markets, including Aaron Appel, Keith Kurland, Jonathan Schwartz, Adam Schwartz, Jackson Sastri, and Michael Ianno. Their expertise and negotiation skills played a crucial role in successfully securing the loan for the property.

This transaction highlights the strong collaboration between the property owner, @WitkoffCo, and Deutsche Bank. The loan will contribute to the continued growth and success of the office asset, further enhancing its value and market position in New York City.

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Deals
  • Location
    420 5th Ave, New York, NY 10018, USA420 5th Ave, New York, NY 10018, USA
  • Area
    568,638 SF568,638 SF
  • Asset Type
    OfficeOffice
  • Parties
    12 Brokers, 3 Agencies, 1 Lender12 Brokers, 3 Agencies, 1 Lender

Agents

David Lawrence

David Lawrence

Deals4
Sold$32M

Keith Kurland

Keith Kurland

Deals80
Financed$12.8B

James Nelson

James Nelson

Deals66
Financed$1.4B

Jackson Sastri

Jackson Sastri

Deals3
Financed$118.7M

Henry Post

Henry Post

Deals2
Sold$18.7M

Doug Blankrot

Doug Blankrot

Deals3
Sold$42.5M

Adam Schwartz

Adam Schwartz

Deals73
Financed$11B

Aaron Appel

Aaron Appel

Deals92
Financed$15.1B

Agencies

Walker & Dunlop

Walker & Dunlop

Agency
Deals609
Volume$76.5B

Cushman & Wakefield

Cushman & Wakefield

Agency
Deals4188
Volume$167B

Avison Young

Avison Young

Agency
Deals808
Volume$17B

Deutsche Bank

Deutsche Bank

Lender
Deals117
Volume$ 2.7T

Social

Deal Summary

LOAN IMAGE: Jonathan Schwartz, Aaron Appel, Steven Witkoff, Keith Kurland, Adam Schwartz DATE: 06/13/2019 ADDRESS: 420 Fifth Ave ASSET TYPE: Office LENDER: Deutsche Bank LANDLORD: @WitkoffCo BROKERS: @jll_ny_capitalmarkets Aaron Appel, Keith Kurland, Jonathan Schwartz, Adam Schwartz, Jackson Sastri & Michael Ianno LOAN AMOUNT: $42,000,000

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420 5th Avenue

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