Tudor Tower co-op in Murray Hill borrows $16.8M from Prudential

The Tudor Tower cooperative through the entity 25 Tudor Owners Corp. as borrower signed a loan agreement with lender Prudential (which assigned it to Freddie Mac) through the entity Prudential Affordable Mortgage Company, LLC valued at $16.75 million for 1 parcel, including the tax class cooperative (D4) and containing 443 residential units at 25 Tudor City Place in Murray Hill. The deal closed on August 19, 2020 and was recorded on August 28, 2020.
The property contains a total of 249,299 square feet of built space.
The average loan per unit is $37,810.
The Tudor Tower co-op refinanced $13 million and added $3.75 million in new debt. Prudential assigned the new debt to Freddie Mac.
The DOB issued a major alteration (A1) initial temporary certificate of occupancy for the building with 441 residential (or hotel) units on September 5, 2012.
Over the past five years, there have been 9 NYC Department of Buildings permit applications filed for this parcel valued at more than $20,000. There were 9 renovation/alteration projects (A2) applied for with a total estimated value of $1,229,840.
Direct link to Acris document. link
Direct link to the city’s interactive property map, ZOLA. link