Stonehenge lands $92M loan for
Chelsea building

TD Bank is lender for the property at 555 Sixth Avenue

New York /
Apr.April 12, 2017 10:30 AM

Stonehenge Partners secured $92 million in financing for its building at 555 Sixth Avenue.

TD Bank is the lender, the Commercial Observer reported, citing records filed with the city Tuesday. The loan is a five-year floating rate mortgage, and refinances an $85 million loan from General Electric Capital Corporation issued in 2010, according to the publication.

The mixed-use building, located between 15th and 16th streets, spans 195,442 square feet. Stonehenge, led by Ofer Yardeni, bought the property from Saint Vincent’s Catholic Medical Centers of New York for $67.3 million in 2010.

Its first tenant was Boutique Fitness Experience Studio, a personal fitness company that inked a deal to take 10,000 square feet in 2014. Coffee house FIKA is also a tenant.

The building includes 163 luxury units above the 19,000 square feet of retail space. Apartment rental prices range between $3,595 and $4,995 per month, according to the publication. [CO]Miriam Hall


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