Moinian just landed a loan on its Park Avenue South building

The company landed a $55.3M loan

TRD New York /
Aug.August 17, 2018 05:15 PM

450-460 Park Avenue South

Moinian Group has secured a $55.3 million loan for 450-460 Park Avenue South.

North American Company for Life and Health Insurance provided the loan on Murray Hill property, according to city records. The deal included $8.4 million in new debt.

Representatives for Moinian and North American did not immediately respond to requests for comment.

WeWork signed a lease in July to take roughly 50,000 square feet across six floors of the 12-story building. Other tenants include co-working space provider Work Better and tech company ShopKeep.

Joseph Moinian bought the property in 1982 and has described it as his first “serious office building.”


Related Articles

arrow_forward_ios

“I can talk about erections all day”: NAR tech consultant’s bizarre fireside chat

Council member Vanessa Gibson (Credit: New York City Council)

Commercial landlords face new fines as City Council passes anti-harassment bill

As House begins impeachment inquiry, here’s what we know about Trump’s Ukraine-real estate ties

Embattled Prodigy Network CEO Rodrigo Niño to step down

The Watchtower building at 25 Columbia Heights, CIM Group’s Shaul Kuba (right) and LIVWRK’s Asher Abehsera (Credit: Wikipedia, CIM Group, and LinkedIn)

JPMorgan leads $335M refi for CIM and LIVWRK’s Watchtower renovation

Multifamily market still reigns in Queens, Blackstone balks after rent reforms and more of the biggest CRE trends right now

Real estate titans … and their toys

Developer seeks $40M for Opportunity Zone site in downtown Newark

arrow_forward_ios