Premier Realty signs $29.9M refi with Safra National Bank for office building in Plaza District

Premier Realty through the entity Amna L.L.C. as borrower signed a refi loan with lender Safra National Bank through the entity Safra National Bank Of New York valued at $29.9 million for the office building (O6) at 36 West 47th Street in Plaza District, Manhattan.
The deal closed on July 29, 2021 and was recorded on August 12, 2021.
The property has 97,785 square feet of built space and 0 square feet of additional air rights for a total buildable of 80,330 square feet according to PincusCo analysis of city data. The loan price per built square foot is $306 per the PincusCo analysis. (The price per square foot analysis is the transaction price divided by square feet as reported in public records and assumes no air rights have been sold.)
The owner bought the property on 6-Jan-06, for $15.8 million.
The signatory for Premier Realty was Alexander Seligson. The signatory for Safra National Bank was Stephan Massacca and Michael Vitsentzos.
Over the past five years, there have been 5 NYC Department of Buildings permit applications filed for this parcel valued at more than $20,000. There were 5 renovation/alteration projects (A2) applied for with a total estimated value of $535,112.
A representative for Premier in court documents was Brunilda Katsichtis.

Within a 400-foot radius of 36 West 47th Street, PincusCo identified 21 commercial real estate items of interests occurred over the past 24 months.
Of those 21 items, one was in new building development. It was a new building permit application filed on November 20, 2020 for a 168,897-square-foot R-1 building with 534 residential units at 32 West 48th Street.
Of those 21 items, one was for major renovation including a certificate of occupancy change. It was a permit application filed on October 29, 2019 for the $726,300.0 renovation of 12,105-square-foot M building with 0 residential units at 37 West 46th Street.
Of those 21 items, 10 were sales above $5 million totaling $2.3 billion. The most recent of the 10 was SJD, LLC which bought the 57,352-square-foot, one-unit office building (O6) on 576 5th Avenue for $101.0 million from Severn Realty Partners on July 13, 2021.
Of those 21 items, nine were loans above $5 million totaling $887.4 million. The most recent of the nine was SJD, LLC which borrowed $60.0 million from KEB Hana Bank secured by the 57,352-square-foot, one-unit office building (O6) on 576 5th Avenue on July 13, 2021.

Direct link to Acris document. link