The Real Deal New York

HJ Kalikow lands a $365M loan for 101 Park

Bank of America is the lender
By Christian Bautista | August 09, 2018 04:40PM

Peter Kralikow and 101 Park Avenue (Credit: Getty Images and 101Park)

H.J. Kalikow & Co. secured a $365 million mortgage for 101 Park Avenue in Midtown.

The new mortgage replaces a $300 million Bank of America loan from 2012, according to records filed with the city on Thursday. The new debt adds a $65 million gap mortgage, also provided by Bank of America, on the existing loan on the 46-story office tower.

Last year, the American Kennel Club chose the building for its Museum of the Dog, which is moving back to New York City from St. Louis, Missouri. The museum, which will occupy 60,000 square feet in the property, is scheduled to open next year.

Kalikow completed the building in 1982, spending about $160 million to construct the 1.1 million-square-foot property between East 40th and East 41st streets.  Recent deals in the tower include a 42,000-square-foot sublease with media company Sandow and a 20,300-square-foot expansion from Federal Home Loan Bank of New York. Other tenants include the Tiger Foundation and Morgan Stanley.

Kalikow did not immediately respond to requests for comment.