Deal sheet    Single Deal
292 Madison Avenue|Financing|07/23/2007
  • Event Financing
  • Address 292 Madison Avenue
  • Square feet 193,000
  • Price $ 60,000,000
  • Borough Manhattan
  • Neighborhood Grand Central
  • Publication Date 09/01/2007
  • Deal Date 07/23/2007
  • Party 1 Metropolitan Real Estate Investors
  • Party 2 The Carlton Group
notes
A $130 million capital package was arranged for the acquisition of the property, which included the sale of its fee simple interest to a REIT for $70 million and a 10-year fixed-rate leasehold mortgage for $60 million. The combined rate for the financing is 4.92 percent. 26-story office building.
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