Abramson Brothers signs $12.5M refi for office building in Midtown West

Abramson Brothers through the entity Times Circle Associates LLC as borrower signed a refi loan with lender JPMorgan Chase valued at $12.5 million for the office building (O6) at 333 West 52nd Street in Midtown West, Manhattan.
The deal closed on August 31, 2021 and was recorded on September 8, 2021.
The property has 90,000 square feet of built space according to PincusCo analysis of city data. The loan price per built square foot is $138 per the PincusCo analysis. (The price per square foot analysis is the transaction price divided by square feet as reported in public records and assumes no air rights have been sold.)
The owner bought the property on 1/6/06, for $15.8 million.
The signatory for Abramson Brothers was Alan B. Abramson.
Over the past five years, there have been 4 NYC Department of Buildings permit applications filed for this parcel valued at more than $20,000. There were 4 renovation/alteration projects (A2) applied for with a total estimated value of $804,600.
Alan B. Abramson is the president of Abramson Brothers.

Within a 400-foot radius of 333 West 52nd Street, PincusCo identified five commercial real estate items of interests occurred over the past 24 months.
Of those five items, two were sales above $5 million totaling $15 million. The most recent of the two was Alan Manocherian which bought the 37,030-square-foot, 48-unit rental (D5) on 369 West 52nd Street for $9 million from Jeffrey Manocherian on January 14, 2021.
Of those five items, three were loans above $5 million totaling $30.4 million. The most recent of the three was RWN Real Estate Partners which borrowed $18.8 million from JPMorgan Chase Bank secured by the 9,377-square-foot, 19-unit rental (C7) on 794 9th Avenue on March 5, 2021.

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