William Kaufman Organization extends $66M loan from Apple Bank for 767 Third in Midtown East

The William Kaufman Organization through the entity 767 Third Avenue LLC as borrower signed a loan agreement with lender Apple Bank For Savings valued at $66 million for 1 parcel, including the tax class office building tower type with 20 or more stories (O4) at 767 Third Avenue in Midtown East. The deal closed on December 1, 2020 and was recorded on December 11, 2020.
The property contains a total of 286,212 square feet of built space.
The average loan per buildable square foot is $231.
The financing extends the maturity date to December 31, 2021.

Over the past five years, there have been 44 NYC Department of Buildings permit applications filed for this parcel valued at more than $20,000. Of those there was one major renovation application including a certificate of occupancy change (A1) filed with a total estimated value of $1,210,000. There were 43 renovation/alteration projects (A2) applied for with a total estimated value of $19,071,474.
Direct link to Acris document. link
Direct link to the city’s interactive property map, ZOLA. link