Icon refinances portfolio of Manhattan rental buildings

JPMorgan Chase lends $73M

TRD New York /
Jan.January 14, 2019 04:30 PM

From left: Todd Cohen, Terrence Lowenberg and 610 East 9th Street (Credit: Google Maps)

Icon Realty Management refinanced nine Manhattan buildings with JPMorgan Chase, records filed with the city Monday show.

The buildings include a mix of residential and commercial units, including nearly 300 apartments. The six new loans, together totaling $73 million, replace previous debt from Signature Bank and carry five year terms.

The refinanced properties are 808 Lexington Avenue, 316 West 14th Street, 446 West 19th Street, 448 West 19th Street, 324 West 14th Street, 322 West 14th Street, 320 West 14th Street, 610 East 9th Street and 47 Clinton Street.

Icon’s Terrence Lowenberg did not comment on the transactions.

In December, Icon obtained approval from the New York State Attorney General’s office to begin sales on under-construction condominium units on the Upper East Side. The project, comprising two buildings at 301 East 80th Street and 301 East 81st Street, is among the most expensive by total projected sales in that area, at $714 million.


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
237 Park Avenue and Scott Rechler (Photos via Getty; RXR)

What tenants are paying at RXR and Walton Street Capital’s 237 Park Avenue

What tenants are paying at RXR and Walton Street Capital’s 237 Park Avenue
The National Multifamily Housing Council’s monthly payment tracker found that 90.6 percent of those households paid some rent by Oct. 20. (iStock)

Rent collections in market-rate apartments stagnate in October

Rent collections in market-rate apartments stagnate in October
Four New York Plaza (Photo via Hines)

Four New York Plaza office tower hits the market

Four New York Plaza office tower hits the market
Existing home sales rose again in September as listed inventory sunk to a new low. (iStock)

Existing homes sales remain high, but inventory is “historically low”

Existing homes sales remain high, but inventory is “historically low”
 Jennifer Lawrence and 17 Jane Street with Edward Minskoff (Getty; Sciame Construction)

Jennifer Lawrence buys at Ed Minskoff’s West Village condo

Jennifer Lawrence buys at Ed Minskoff’s West Village condo
Gov. Andrew Cuomo (Getty; iStock)

New York City lifts lockdown for some Covid hot spots

New York City lifts lockdown for some Covid hot spots
arrow_forward_ios

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

Loading...