Winter Management borrows $140M from Lincoln Life & Annuity for office property in Flatiron

Benjamin Winter’s Winter Management through the entity BJW Realty LLC as borrower signed a loan agreement with lender Lincoln Life & Annuity Company of New York valued at $140 million for 2 parcels, including the tax class office building with commercial with seven to 19 stories (O6) at 109 5th Avenue, 881 Broadway in Flatiron. The deal closed on January 22, 2020 and was recorded on January 30, 2020.

Over the past five years, there have been 20 NYC Department of Buildings permit applications filed for this parcel valued at more than $20,000. There were 20 renovation/alteration projects (A2) applied for with a total estimated value of $11,748,668.
Direct link to Acris document. link
Direct link to the city’s interactive property map, ZOLA. link