Harbor Group signs $107.7M refi loan with AIG for FiDi office building

Harbor Group International through the entity 55 Broadway Associates, LLC as borrower signed a refi loan with lender AIG through the entity American General Life Insurance Company valued at $107.7 million for the office building (O4) at 55 Broadway in Financial District, Manhattan.
The deal closed on April 30, 2021 and was recorded on May 6, 2021.
The property has 309,381 square feet of built space and 0 square feet of additional air rights for a total buildable of 157,220 square feet according to PincusCo analysis of city data. The loan price per built square foot is $348 per the PincusCo analysis.
The owner bought the property on 2-Jan-18, for $28.1 million.
The signatory for Harbor Group International was T. Richard Litton Jr.
Over the past five years, there have been 55 NYC Department of Buildings permit applications filed for this parcel valued at more than $20,000. There were 54 renovation/alteration projects (A2) applied for with a total estimated value of $7.3 million.

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