Samson lands $109M refi for Fifth Avenue office building

New York Community Bank also provided $15M in new debt

TRD New York /
Apr.April 29, 2019 01:00 PM
110 Fifth Avenue (Credit: Google Maps)

110 Fifth Avenue (Credit: Google Maps)

Samson Management and Rabina Properties secured $109 million from New York Community Bank to refinance their 19th-century office building in the Flatiron District.

The financing for 110 Fifth Avenue includes about $14.7 million in new debt, according to public records filed Monday with the New York City Department of Finance. The deal replaces a $100 million debt package from the lender, which had been provided in 2014.

Rego Park-based Samson, Scarsdale-based Rabina and New York Community Bank, known for its multifamily lending, did not immediately respond to requests for comment.

The 176,000-square-foot, 11-story office complex, known as the Judge Building, sits on the corner of 16th Street and dates to 1888. Samson and Rabina acquired the property in 1996 from the New York Times Company.

Last year, Samson sued Town Residential to recoup $438,299 in unpaid rent for its 16,600-square-foot office at the property, after Town shut down its leasing and resale business. The case is ongoing.


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
Photo illustration of GDSNY CEO Michael Kirchmann, Klövern CEO Rutger Arnhult and 417 Park Avenue (Google Maps, iStock)

Klövern, GDS finance 417 Park Ave with $100M in Swedish bonds

Klövern, GDS finance 417 Park Ave with $100M in Swedish bonds
Joy Construction’s Eli Weiss (left), Maddd Equities’ Jorge Madruga (top), and Drew Katz with 20 Bruckner Boulevard in the Bronx (Getty; Google Maps)

“Dream” comes true for long-vacant Bronx ice house

“Dream” comes true for long-vacant Bronx ice house
 David Bistricer of Clipper Equity and 77 Commercial Street in Greenpoint (REIT and Google Maps)

Bistricer lands $386M construction loan for Greenpoint project

Bistricer lands $386M construction loan for Greenpoint project
109 East 79th Street and Victor Sigoura (Google Maps; Getty)

Victor Sigoura lands $133M construction loan for UES condo

Victor Sigoura lands $133M construction loan for UES condo
From left: Mapleton Rentals at at 1555-1575 61st Street in Mapleton, 1440 Story Avenue in Soundview, Beard-Van Brunt at 411 Van Brunt Street in Red Hook

Abraham Leser targets $74M refi for Brooklyn, Bronx properties

Abraham Leser targets $74M refi for Brooklyn, Bronx properties
A rendering of 1998 Second Avenue in Harlem and Peter Fine (Credit: GF55 Architects)

Peter Fine inks $70M construction loan for Harlem resi project

Peter Fine inks $70M construction loan for Harlem resi 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...