JEFFRIES MORRIS obtained financing of $24M from THE BANK OF NEW YORK MELLON

JEFFRIES MORRIS, INC. through the entity TRINITY MORRIS CORP. as borrower signed a loan agreement with lender THE BANK OF NEW YORK MELLON valued at $23.6 million for 1 parcel, including the tax class office building with ten stories or more (main avenue type) (O3) at 29 Broadway in Financial District. The deal closed on June 27, 2019 and was recorded on July 10, 2019.
The property contains a total of 316,150 square feet of built space.
The average loan per buildable square foot is $75.

Over the past five years, there have been 39 NYC Department of Buildings permit applications filed for this parcel. There were 39 renovation/alteration projects (A2) applied for with a total estimated value of $4,859,300.
Direct link to Acris document. link
Direct link to the city’s interactive property map, ZOLA. link

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