RFR Holding borrows $224M from Credit Suisse to buy 522 Fifth Avenue in Grand Central

Aby Rosen’s RFR Holding through the entity 522 Fifth Office LLC as borrower signed a loan agreement with lender Credit Suisse through the entity Column Financial, Inc. valued at $224 million for 9 parcels, including the tax class commercial condominium unit (R5) at 522 Fifth Avenue in Grand Central. The deal closed on August 27, 2020 and was recorded on September 3, 2020.

The office portion of the building has 575,000 square feet of rentable space. Because of loss factor, rentable office space for New York commercial buildings is larger than the measurable square feet.
The entire property contains a total of 379,888 square feet of built space, according to city records, and the retail condominium in the building is owned by Ashkenazy Acquisition.
The loan is a 64 percent loan to purchase price.

Direct link to Acris document. link
Direct link to the city’s interactive property map, ZOLA. link