RXR Realty obtained financing of $25M from Mirae Asset Daewoo

RXR Realty through the entity Vanderbilt Associates Owner Lp as borrower signed a loan agreement with lender Mirae Asset Daewoo valued at $25.0 million for 1 parcel, including the tax class office bank building designed exclusively for banking (O6) at 487 Clermont Avenue in Fort Greene. The deal closed on August 09, 2019 and was recorded on August 15, 2019.
The property contains a total of 710,746 square feet of built space.
The average loan per buildable square foot is $221.
The last time the property sold was February 28, 2014, for $194,500,000.
The DOB issued a major alteration (A1) initial temporary certificate of occupancy for the building on July 17, 2012.
Over the past five years, there have been 19 NYC Department of Buildings permit applications filed for this parcel valued at more than $20,000. There were 19 renovation/alteration projects (A2) applied for with a total estimated value of $4,013,700.
Direct link to Acris document. link
Direct link to the city’s interactive property map, ZOLA. link

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