George Comfort & Sons obtained financing of $26M from Bank Of China

George Comfort & Sons through the entity 63 Madison Owner LLC as borrower signed a loan agreement with lender Bank Of China, New York Branch valued at $25.5 million for 1 parcel, including the tax class office building with ten stories or more (main avenue type) (O3) at 63 Madison Avenue in Nomad. The deal closed on July 26, 2019 and was recorded on August 05, 2019.
The property contains a total of 675,986 square feet of built space.
The average loan per buildable square foot is $38.
The last time the property sold was January 01, 2013, for $85,754,263.
The DOB issued a major alteration (A1) initial temporary certificate of occupancy for the building on September 25, 2013.
Over the past five years, there have been 26 NYC Department of Buildings permit applications filed for this parcel. Of those there was one major renovation application including a certificate of occupancy change (A1) filed with a total estimated value of $13,261,000. There were 25 renovation/alteration projects (A2) applied for with a total estimated value of $15,413,870.
Direct link to Acris document. link
Direct link to the city’s interactive property map, ZOLA. link

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