The Real Deal New York

ABS lands $100M refi for 915 Broadway

MetLife loan replaces $60M JPMorgan mortgage

September 20, 2016 12:49PM
By Konrad Putzier

915 Broadway in Flatiron

UPDATED, Sep. 23, 9:41 a.m.: ABS Partners Real Estate refinanced its Flatiron District office building at 915 Broadway with a $100 million loan from insurer MetLife, property records filed with the city Tuesday show.

The new financing will replace an existing $60 million mortgage from JPMorgan Chase TRData LogoTINY and includes a $40 million gap mortgage. ABS held a 15-percent stake in the 20-story, 265,000-square-foot building since 1981, and paid $130 million in 2012 to take full control of the property.

Altman Warwick brokered the loan.

Tenants in the building include furniture store Ethan Allen and fund manager Union Square Ventures.

Earlier this week, The Real Deal reported that ABS signed a contract to buy Midtown’s Hammacher Schlemmer building for $63 million.

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