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


Related Articles

arrow_forward_ios
With a cooling trade war, stocks perform well, including real estate. (Credit: iStock)
Real estate stocks push up this week as U.S.-China trade tensions ease
Real estate stocks push up this week as U.S.-China trade tensions ease
416 West 25th Street and Maverick Real Estate Partners principal David Aviram (Credit: Google Maps and LinkedIn)
Chelsea landlord claims “predatory” lender is charging a crippling interest rate as punishment after losing foreclosure case
Chelsea landlord claims “predatory” lender is charging a crippling interest rate as punishment after losing foreclosure case
Sen. Mitt Romney and Sen. Kyrsten Sinema (Getty)
Developers, rejoice: Carried-interest loophole is saved again
Developers, rejoice: Carried-interest loophole is saved again
Stephen Schwarzman, Senator Joe Manchin, and Senate Majority Leader Charles Schumer (Illustration by The Real Deal with Getty Images)
Real estate scores loophole to save loophole
Real estate scores loophole to save loophole
Senator Chuck Schumer and Senator Joe Manchin (Illustration by Kevin Cifuentes for The Real Deal with Getty)
Manchin-Schumer deal closes real estate tax loophole
Manchin-Schumer deal closes real estate tax loophole
15 Hanover Place in Downtown Brooklyn (Lonicera Partners, Getty)
Lonicera scores $134M loan for DoBro tower
Lonicera scores $134M loan for DoBro tower
(Getty)
CMBS volume plunges 29% in second quarter
CMBS volume plunges 29% in second quarter
IPG's Andrew Chung with rendering 23-30 Borden Avenue (Innovo Property Group)
Andrew Chung lands major refi for LIC last-mile project
Andrew Chung lands major refi for LIC last-mile project
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...