{"id":1004389085,"date":"2020-02-07T06:25:17","date_gmt":"2020-02-07T14:25:17","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004389085"},"modified":"2021-09-10T04:53:40","modified_gmt":"2021-09-10T12:53:40","slug":"historic-manhattan-asset-lands-42m-refi","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/historic-manhattan-asset-lands-42m-refi\/","title":{"rendered":"Historic Manhattan Asset Lands $42M Refi"},"content":{"rendered":"<div id=\"attachment_1004389088\" style=\"width: 310px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/02\/1002566.jpg\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004389088\" data-attachment-id=\"1004389088\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/historic-manhattan-asset-lands-42m-refi\/attachment\/1002566\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/02\/1002566.jpg\" data-orig-size=\"800,620\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"The Agora Building\" data-image-description=\"&lt;p&gt;The Agora Building&lt;\/p&gt;\n\" data-image-caption=\"&lt;p&gt;The Agora Building&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/02\/1002566.jpg?w=800\" class=\"wp-image-1004389088 size-medium\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/02\/1002566.jpg\" alt=\"\" width=\"300\" height=\"233\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/02\/1002566.jpg 800w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/02\/1002566.jpg?resize=300,233 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/02\/1002566.jpg?resize=768,595 768w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><p id=\"caption-attachment-1004389088\" class=\"wp-caption-text\">The Agora Building<\/p><\/div>\n<p>Muss Development has received a $42 million refinancing package for The Agora Building, a historic asset in Manhattan. Nationwide Life Insurance Co. financed the loan, which pays off a $35 million prior debt, according to Yardi Matrix data.<\/p>\n<p>The roughly 70,000-square-foot property spreads across six stories and includes a retail component. Located at 1556 Third Ave. in the Upper East Side neighborhood, The Agora Building isthree blocks from Central Park and within walking distance of retailers and eateries.&nbsp;According to Yardi Matrix, the property was delivered in 1915 and underwent complete renovations in 1989. The tenant roster consists of various medical, dental, mental health and rehabilitation services, including LabCorp, Hercules Medical, Mount Sinai, Huntington Learning Center and Lobel Chemical.<\/p>\n<p>NorthMarq Capital Senior Vice President &amp; Managing Directors Charles Cotsalas and Robert Delitsky arranged the financing. Earlier this month, a different NorthMarq team&nbsp;<a href=\"https:\/\/www.commercialsearch.com\/news\/rmr-group-sells-connecticut-office-building\/\">secured an acquisition loan<\/a> for a four-story Connecticut office building&nbsp;on behalf of the buyer.&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Nationwide Life Insurance Co. originated the loan, which pays off a $35 million prior debt. <\/p>\n","protected":false},"author":741,"featured_media":1004389088,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21825,1600,21742,10,21747],"tags":[43955,33583,34291],"class_list":["post-1004389085","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-finance","category-new-york","category-latest","category-northeast","category-office","tag-muss-development","tag-nationwide-life-insurance-company","tag-northmarq-capital"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.0) - 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