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    Pan Am Equities

    18 East 50th Street, Suite 10
    New York, NY 10022
    (212) 837-4800
    Website
    [email protected]

    Pan Am Equities is a real estate development and management company. The firm is owned by the influential Manocherian family, which owns more than 85 buildings throughout Manhattan. The family rose to prominence in the 1970s. The family specialized in buildings in the Upper East Side on First and Second Avenue, primarily tenement houses. Members of the family also own the New York Health & Racquet Club. In 2014 the firm sold six Upper East side rental apartment buildings for $47 million: three five-story buildings at 413-417 East 81st Street, and three contiguous buildings on East 83rd Street. That same year the firm paid $48 million for two commercial condos on 63rd Street in the Upper East Side, one of which was the former site of the Barbizon Hotel for Women. Among the other buildings in its portfolio is the New York Tower at East 39th Street, the Caroline at 60 West 23rd Street, and New York Plaza at 2 Water Street.

    • Event Financing
    • Address 2 Water Street
    • Neighborhood Financial District
    • Borough Manhattan
    • Price $ 31,000,000
    • Publication Date 10/02/2020
    • Event Date 09/29/2020
    • Party 1 Pan Am Equities
    • Party 2 Bayerische Landesbank
    notes
    The owner secured a loan of $31 million for the Financial District property.
    • Event Office Leasing
    • Address 116 West 32nd Street
    • Neighborhood Penn Plaza
    • Borough Manhattan
    • Square feet 15,000
    • Publication Date 09/20/2019
    • Event Date 09/20/2019
    • Party 1 Pan Am Equities
    • Party 1 Brokerage CBRE
    • Party 1 Broker Josh Pernice, Freddie Fackelmayer, Rob Hill
    • Party 2 Octane Lending
    • Party 2 Brokerage Handler Real Estate Organization
    • Party 2 Broker Alex Bush
    notes
    The fintech startup inked a lease for the Penn Plaza building.
    • Event Sales
    • Address 103 East 86th Street
    • Neighborhood Upper East Side
    • Borough Manhattan
    • Price $ 90,000,000
    notes
    The buyer bought the Upper East Side property for $90 million.
    • Event Financing
    • Address 37 West 16th Street
    • Neighborhood Flatiron
    • Borough Manhattan
    • Price $ 60,600,000
    • Publication Date 09/04/2018
    • Event Date 08/28/2018
    • Party 1 Pan Am Equities
    • Party 2 People's United Bank
    notes
    The lender issued a loan of $60.6 million for the Flatiron portfolio.
    • Event Retail Leasing
    • Address 127 Fourth Avenue
    • Neighborhood East Village
    • Borough Manhattan
    • Square feet 5,837
    • Price per foot $ 186.11
    notes
    The upscale bacon-based eatery inked a 15-year lease for a new location in the East Village.
    • Event Financing
    • Address 60 West 23rd Street
    • Neighborhood Flatiron
    • Borough Manhattan
    • Price $ 200,000,000
    • Publication Date 09/01/2017
    • Event Date 08/15/2017
    • Party 1 Pan Am Equities
    • Party 2 Massachusetts Mutual
    notes
    The property management company acquired a loan.
    • Event Financing
    • Address 60 West 23rd Street
    • Neighborhood Flatiron
    • Borough Manhattan
    • Square feet 527,452
    • Price $ 200,000,000
    • Publication Date 08/01/2017
    • Event Date 06/29/2017
    • Party 1 Pan Am Equities
    • Party 2 Mass Mutual
    notes
    The borrower received a loan
    • Event Sales
    • Address 112-120 East 11th Street, 85 East 10th Street
    • Neighborhood East Village
    • Borough Manhattan
    • Price $ 127,000,000
    notes
    The 6-building portfolio sold for $127 million.
    • Event Office Leasing
    • Address 116 West 32nd Street
    • Neighborhood Midtown
    • Borough Manhattan
    • Square feet 45,000
    notes
    The engineering firm renewed and expanded its lease to the 11th floor for 12 years.
    • Event Retail leasing
    • Address 270 Park Avenue South
    • Neighborhood Flatiron
    • Borough Manhattan
    • Square feet 4,325
    • Event Retail Leasing
    • Address 455 Park Avenue South
    • Neighborhood Midtown
    • Borough Manhattan
    • Square feet 1,905
    notes
    This restaurant signed a lease for its second location.
    • Event Office Leasing
    • Address 116 West 32nd Street
    • Neighborhood Penn Plaza
    • Borough Manhattan
    • Square feet 70,000
    notes
    The school signed a 15-year lease for floors one through four, the Commercial Observer reported.
    • Event Office Leasing
    • Address 116 West 32nd Street
    • Neighborhood Penn Plaza
    • Borough Manhattan
    • Square feet 23,500
    • Publication Date 06/01/2009
    • Event Date 04/22/2009
    • Party 1 Pan Am Equities
    • Party 2 People Care
    • Party 2 Brokerage HelmsleySpear
    • Party 2 Broker Jeff Rosenblatt
    notes
    The homecare services provider signed a lease for 11 and a half years for the entire 15th and a portion of the 14th floors.
    • Event Office Leasing
    • Address 116 West 32nd Street
    • Neighborhood Penn Plaza
    • Borough Manhattan
    • Square feet 25,000
    notes
    The IT services provider for the financial industry signed a five-year lease renewal for the entire ninth and 10th floors.
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