Andrew Impagliazzo obtained financing of $28M from CANTOR COMMERCIAL REAL ESTATE LENDING

Andrew Impagliazzo through the entity 617-625 W 46TH STREET OWNER LLC as borrower signed a loan agreement with lender CANTOR COMMERCIAL REAL ESTATE LENDING, L.P. valued at $28.0 million for 1 parcel, including the tax class miscellaneous office building (O9) at 621 West 46 Street in Clinton. The deal closed on June 18, 2019 and was recorded on July 17, 2019.
The property contains a total of 79,483 square feet of built space. The property has 37,683 square feet of available development rights.
The average loan per buildable square foot is $352.

The DOB issued a major alteration (A1) initial temporary certificate of occupancy for the building on February 12, 2013.
Over the past five years, there have been 9 NYC Department of Buildings permit applications filed for this parcel. There were 9 renovation/alteration projects (A2) applied for with a total estimated value of $1,551,120.
Direct link to Acris document. link
Direct link to the city’s interactive property map, ZOLA. link

Share this article