|
|
 |
|
|
|
|
Press Release
|
Contact: Nick Derasmo (212.841.7505) |
|
|
|
SONNENBLICK-GOLDMAN COMPANY ARRANGES $37,000,000 FINANCING FOR 200 WEST 57TH STREET IN NEW YORK |
|
|
Thursday, May 17, 2001
-
New York, NY
-
Sonnenblick-Goldman Company, acting as exclusive advisor to 200 West 57th Street Associates, arranged financing in the amount of $37,000,000 for 200 West 57th Street, a landmark office building located directly across Seventh Avenue from Carnegie Hall and two blocks from Central Park in Manhattan. Financing was provided by an offshore bank.
Located in one of the most desirable neighborhoods in Manhattan, 200 West 57th Street is a boutique 151,125 square foot, 14-story plus penthouse, office and retail building. The distinguished property, which has undergone a significant renovation over the past 24 months, is 98% leased to a diverse roster of high-end boutique office tenants, as well as the popular Trattoria Dell'Arte restaurant.
“"The combination of low financing interest rates and an abundance of active lenders for premium office properties has generated attractive opportunities for owners seeking to refinance their properties," said Steven Kohn, President of Sonnenblick-Goldman Company. "200 West 57th Street attracted interest from a myriad of financial institutions due to the high quality of the asset and its prize location. As a result, we were able to finalize the financing within just 45 days." |
|
|
Sonnenblick-Goldman, LLC is the industry’s leading independent real estate investment banking firm. Founded in 1893 to serve the financing needs of the real estate industry, Sonnenblick-Goldman, LLC provides a full range of financial services, including debt and equity placements, joint ventures, investment sales and advisory services. Headquartered in New York, Sonnenblick-Goldman maintains offices in San Francisco, Boston, Hong Kong, Shanghai, Sydney and Tokyo. Further information can be found at Sonnenblick-Goldman, LLC’s website at www.cushwake.com/sonngold.
|
|
|
|