443 Park Avenue South, LLC obtained financing of $20M from Lincoln Life & Annuity Company Of New York

443 Park Avenue South, LLC as borrower signed a loan agreement with lender Lincoln Life & Annuity Company Of New York valued at $20.0 million for 1 parcel, including the tax class miscellaneous office building (O9) at 443 Park Avenue South in Flatiron. The deal closed on July 30, 2019 and was recorded on August 01, 2019.
The property contains a total of 75,588 square feet of built space.
The average loan per buildable square foot is $265.

Over the past five years, there have been 6 NYC Department of Buildings permit applications filed for this parcel. There were 6 renovation/alteration projects (A2) applied for with a total estimated value of $721,000.
Direct link to Acris document. link
Direct link to the city’s interactive property map, ZOLA. link

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