479 8 Avenue

Owner: Haymes Investment Company

Debt: October 15, 2025, $260 million

Built: 1917

Renovated: 1983

SF: 611,625

Dwelling units: 0

No. of buildings: 1

Class: Tower Type (O4)

Floors: 24

Transactions:

• Haymes Investment Company borrowed $260 million from CGCMT 2016-GC36, Series 2016-GC36 and LNR Partners for 5 Penn Plaza, Penn Plaza, Manhattan on October 15, 2025.

Development:

• Abe Ramadan filed major alteration job 123338450 for 611,625 sqft B building in Penn Station, Manhattan, on September 14, 2017.

• Abe Ramadan filed major alteration job 122763009 for 611,625 sqft B building in Penn Station, Manhattan, on June 21, 2016.

• Abe Ramadan filed alteration job M01389544 for 9,970 sqft M building with 0 apartments in Penn Plaza, Manhattan, on May 30, 2026.

• Abe Ramadan filed alteration job M01395240 for 41,450 sqft 56 building with 0 apartments in Penn Plaza, Manhattan, on May 28, 2026.

• Abe Ramadan filed alteration job M01385235 for 41,450 sqft 56 building with 0 apartments in Penn Plaza, Manhattan, on May 07, 2026.

• Abe Ramadan filed alteration job M01385226 for 41,450 sqft 56 building with 0 apartments in Penn Plaza, Manhattan, on May 04, 2026.

• Abe Ramadan filed alteration job M01289451 for 33,182 sqft 56 building with 0 apartments in Penn Plaza, Manhattan, on January 08, 2026.

Violations:

According to city public data, the properties have received $950 in OATH penalties in the last year.

Latest Stories:

• Haymes signs $260M loan mod for office in Penn Plaza, debt had been in special servicing (October 16, 2025)