Kaufman, Travelers Cos. land $65M refinancing for 747 Third

417K sf building underwent a $17M renovation in 2012

TRD New York /
Feb.February 06, 2017 08:01 AM

The William Kaufman Organization and an arm of Travelers Companies landed $65 million in refinancing for the 417,240-square-foot office tower at 747 Third Avenue.

The joint venture secured a $65 million leasehold mortgage, the Wall Street Journal reported.

The Singer & Bassuk Organization represented the owners.

The tower, built in 1972, covers the entire block of Third Avenue between East 46th and East 47th streets.

Kaufman pumped $17.3 million into renovating the building in 2012, and signed tenants such as Regus and four others to approximately 53,422 square feet.

Jonathan Iger, grandson of the late Robert Kaufman, took over as CEO of the family company in June. [WSJ] Rich Bockmann

Related Articles

As the years go by_A look back at 17 years of real estate history

A look back at 17 years of real estate history

250th Issue

The Real Deal celebrates 250 issues

From left: Publisher and founder Amir Korangy, Editor-in-chief Stuart Elliott and VP of Corporate Development Yoav Barilan

TRD’s founders share war stories from over the years

Neir’s Tavern (Credit: Google Maps)

City’s oldest bar, of “Goodfellas” fame, gets last-minute lifeline

Neir's Tavern (Credit: Google Maps)

Landlord to bar owner: You don’t have to go home but you can’t stay here

729 Seventh Avenue (Credit: Google Maps)

Lawyer argued façade was safe 3 months before fatal accident

Bill Ackman, LeBron James, and Arnold Schwarzenegger with 787 11th Avenue (Credit: Google Maps and Getty Images)

Celebrity property group caught in $11M construction dispute

Renderings of The William Vale and Denizen Bushwick (Credit: iStock)

All Year’s rating outlook turns negative as bondholders reject two amendments