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Manhattan Tower at 757 Third Ave.

Sector: Commercial • Location: New York, United States

Source: Commercial Search

Project
Deed-In-Lieu Of Foreclosure Completed

The 26-story, 505,000-square-foot Class A office building at 757 Third Ave. in Manhattan was handed back by BGO to its lender New York Life Real Estate Investors via a deed-in-lieu of foreclosure. The building was originally purchased by BGO affiliate MEPT from RFR Realty in 2015 for $355.5 million with a loan of $205 million maturing in May 2030. The building has had some leasing activity despite

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The project “Manhattan Tower at 757 Third Ave.” is an infrastructure initiative in the Commercial sector, located in New York, New York, United States. Taiyo aggregates data on it from Commercial Search.

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Participants

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Status

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deed-in-lieu of foreclosure completed

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Description

Description

The 26-story, 505,000-square-foot Class A office building at 757 Third Ave. in Manhattan was handed back by BGO to its lender New York Life Real Estate Investors via a deed-in-lieu of foreclosure. The building was originally purchased by BGO affiliate MEPT from RFR Realty in 2015 for $355.5 million with a loan of $205 million maturing in May 2030. The building has had some leasing activity despite the ownership change.

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Source

Source reliability

High

Data quality score

100%

Source

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URL

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