Related borrows $110M from Morgan Stanley, Deutsche Bank for NYU-leased office building in Gramercy

Related Companies through the entity 105 East 17th Street Associates, L.L.C. as borrower signed a loan agreement with lenders Morgan Stanley and Deutsche Bank valued at $110 million for the office building 105 East 17th Street in Gramercy. The deal closed on August 22, 2019 and was recorded on August 29, 2019.
The property contains a total of 109,375 square feet of built space. New York University signed a lease in 2018 that runs from November 2019 to 2051.

Over the past five years, there has been one NYC Department of Buildings permit application filed for this parcel valued at more than $20,000. There was one renovation/alteration project (A2) applied for with a total estimated value of $20,000.
Direct link to Acris document. link
Direct link to the city’s interactive property map, ZOLA. link