Soloviev signs $1.8B refi with Bank of America, Wells Fargo, Citibank for 9 West 57th in Midtown West

Soloviev Group through the entity Solow Building Company II, L.L.C. as borrower signed a refi loan with lender Bank of America, Wells Fargo, and Citibank valued at $1800 million for the office building (O4) at 9 West 57th Street in Midtown West, Manhattan.
The deal closed on May 8, 2026 and was recorded on May 15, 2026. The prior lender was the trust Series 2016-Nine serviced by Trimont which held debt that had an original loan amount of $1.2 billion. The property has 1,698,259 square feet of built space according to a PincusCo analysis of city data. The loan price per built square foot is $1,059 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 signatory for Soloviev Group was Stefan Q. Soloviev . The signatory for Bank of America , Wells Fargo , and Citibank was Steven Wasser , John G. Nicol , and Jonathan Misher . Simultaneously with the refinancing, Stefan Soloviev terminated a 99-year ground lease executed in 1968 that his late father Sheldon Solow signed with himself as both landlord and tenant.

Soloviev Group announced the sale on May 7, 2026.

Prior sales, articles and revenue

The 1,698,259-square-foot property generated revenue of $177.9 million or $105 per square foot, according to the most recent income and expense figures.

The property

The office building in Midtown West has 1,698,259 square feet of built space according to a PincusCo analysis of city data. The parcel has frontage of 268 feet and is 200 feet deep with a total lot size of 62,058 square feet. The lot is irregular. The zoning is C5-2.5 which allows for up to 12 times floor area ratio (FAR) for commercial The city-designated market value for the property in 2022 is $1 billion.

Violations and lawsuits

There were no lawsuits or bankruptcies filed against the property for the past 24 months. In addition, according to city public data, the property has received $5,800 in OATH penalties in the last year.

Development

On the lot, there are two major alteration projects with initial costs more than $5 million. The largest, M00686178, is a major alteration project for a E building submitted by Anthony Calicchio with plans filed November 4, 2022 and permitted May 31, 2023. The second largest, M08042103, is a major alteration project for a E building submitted by William Potts with plans filed June 20, 2023 and permitted January 9, 2024.

The neighborhood

In Midtown West, The majority, or 75 percent of the 75.9 million square feet of commercial built space are office buildings, with hotel buildings next occupying 14 percent of the space. In sales, Midtown West has the 3rd highest sale turnover among other neighborhoods in the city with $4.4 billion in sales volume in the last two years. For development, Midtown West is the 2nd most active neighborhood among other neighborhoods. It had 39.5 million square feet of commercial and multi-family construction under development in the last two years, which represents 52 percent of the neighborhood’s built space. There were 180 pre-foreclosure suit filed among other office buildings in the past 12 months.

The block

On this tax block, PincusCo has identified the owners of 10 of the 17 commercial properties representing 2,417,288 square feet of the 2,531,170 square feet. The largest owner is Solow Realty & Development, followed by Goodman Family and then Host Hotels & Resorts.
On the tax block, there was one new building construction project filed totaling 36,423 square feet. It is a 15-unit, 36,423 square-foot residential (R-2) building submitted by Solow Realty & Development and filed by Anthony Calicchio with plans filed December 30, 2016 and permitted January 24, 2018.

The majority, or 80 percent of the 2.5 million square feet of built space are office buildings, with hotel buildings next occupying 9 percent of the space.

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