The Real Deal New York

Meringoff Properties refis 401 PAS

Signature Bank provided $85M on the 250K sf Midtown South office building
By Rich Bockmann | September 15, 2017 11:20AM

Stephen Meringoff and 401 Park Avenue South

Meringoff Properties refinanced its 250,000-square-foot office building at 401 Park Avenue South with $85 million from Signature Bank, property records filed with the city Friday show.

The financing includes about $34 million in new debt and replaces the balance of a roughly $55 million loan Capital One provided on the property in 2012.

Representatives for Meringoff and Signature were not immediately available for comment.

The 12-story Midtown South building at the corner of 28th Street is fully occupied, with tenants such as WeWork.

Correction: A previous version of this story incorrectly listed the building owner as Himmel + Meringoff Properties. The owner is Meringoff Properties.