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.