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425 Park Avenue

Michael “Mike” Tepedino and Michael Gigliotti broker a $911,400,000 loan for Office property. The deal closed 7 months and 23 days ago.

  • Location image 425 Park Avenue, New York City, New York 10022, United States
  • Loan Value
    image $911,400,000
  • Asset Type image Office
  • Area image 670,000 SF
  • Parties image2 Brokers,1 Lender,1 Agency
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Michael “Mike” Tepedino icon

JLL
  • Deals 10
  • Volume $3,485,500,000
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Michael Gigliotti

JLL
  • Deals 11
  • Volume $1,860,000,000
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Blackstone

Lender
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JLL

Agency
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Comparables: 425 Park Avenue

Showing 4 of 6

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Price Icon $900,000,000

  • StatusLOAN, $18869 PPSF
  • Date03/22/22
  • Address47 West 66th Street, New York City, New York 10023, United States
  • Address47 West...
  • AssetOFFICE
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Price Icon $950,000,000

  • StatusLOAN, $500 PPSF
  • Date11/18/21
  • Address1290 Avenue of the Americas, New York, NY 10019
  • Address1290 Avenue...
  • AssetOFFICE
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Price Icon $860,000,000

  • StatusLOAN, $580 PPSF
  • Date07/29/20
  • Address1301 Avenue of the Americas, New York, NY 10019
  • Address1301 Avenue...
  • AssetOFFICE
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Price Icon $900,000,000

  • StatusLOAN, $INF PPSF
  • Date06/20/20
  • Address233 Spring Street, New York, NY, USA
  • Address233 Spring...
  • AssetOFFICE
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This Deal on Social

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LOAN
IMAGE: Jon Gray, Robert Lapidus, Kenneth Kaplan, Stephen Schwarzman & Kathleen McCarthy
DATE: 12/20/2021
ADDRESS: 425 Park Avenue
MARKET: Plaza District
ASSET TYPE: Office ~ SF: 670,000

LENDER: Blackstone Real Estate Debt Strategies
LANDLORD: L&L Holding Company – Robert Lapidus & Susan Choi Raffo
BROKERS: Michael Tepedino & Michael Gigliotti – JLL Capital Markets

LOAN AMOUNT: $911,400,000
LOAN TYPE: Refinance

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Contact Michael “Mike” Tepedino

Michael is an executive managing director at JLL Capital Markets, Americas. He comes to JLL as part of the HFF...

Michael is a Senior Managing Director and co-head of the New York office of JLL Capital Markets, Americas. He joined...

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