Clarion Partners borrows $30M from Allianz Life Insurance for office condo in Flatiron

Clarion Partners through the entity 636 Sixth Avenue Owner LLC as borrower signed a loan agreement with lender Allianz Life Insurance Company Of North America valued at $30.0 million for 1 parcel, including the tax class office condominium unit at 636 Sixth Avenue in Flatiron. The deal closed on December 17, 2019 and was recorded on January 2, 2020.
The property contains a total of 55,707 square feet of built space.
The average loan per buildable square foot is $539.

The DOB issued a major alteration (A1) initial temporary certificate of occupancy for the building on June 19, 2017.

Direct link to Acris document. link
Direct link to the city’s interactive property map, ZOLA. link