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4 Union Square South

40 East 14th Street
New York, NY 10003
(212) 894-7984
Website
Retail, Residential, Leasing/Rental

This building on East 14th Street stretches 160 feet between Broadway and University Place, reaching through the block to East 13th Street. With 202,566 square feet of retail space, it is home to tenants including a Whole Foods Market, Forever 21, Jamba Juice and Burlington Coat Factory.

Owner Vornado Realty Trust carried out a $120 million refinancing of the property in November 2012, with a seven-year loan from Wells Fargo Bank at LIBOR plus 2.15%, booking net proceeds of about $42 million. That followed a 2009 refinancing for $75 million.

-NE

  • Year Built 1971
  • square feet 262,576
  • block and lot 3-00181-4017
  • BIN 1009216
  • Event Financing
  • Address 4 Union Square South
  • Neighborhood East Village
  • Borough Manhattan
  • Square feet 262,576
  • Price $ 120,000,000
notes
The lender issued a loan of $120 million for the East Village property.
  • Event Financing
  • Address 4 Union Square South
  • Neighborhood Flatiron
  • Borough Manhattan
  • Square feet 206,000
notes
A $120 million loan was secured to refinance the property, GlobeSt.com reported. The seven-year loan amortizes on a 30-year schedule beginning in the third year. Vornado realized net proceeds of $42 million after repaying the existing loan, according to the website. retail building.
  • Event Financing
  • Address 4 Union Square South
  • Neighborhood Flatiron
  • Borough Manhattan
  • Square feet 203,000
notes
A $75 million interest-only loan with a rate of LIBOR plus 3.25 percent was provided for the property, which is fully leased. The loan matures in April 2012 with a pair of one-year extension options. retail building.

01/01/2013
JCPenney signed a lease for roughly 38,000 square feet of retail space at 200 Lafayette Street. As tourists continued to flock to Gotham in record JCPenney signed a lease for roughly 38,000 square feet of retail space at 200 Lafayette Street. As tourists continued to flock to Gotham in record...