X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.
Outdoor residential lounge at The Nicole, 400 W. 55th St. Outdoor residential lounge at The Nicole, 400 W. 55th St.

NEW YORK CITY—Gotham Organization closed on two separate refinancing loans totaling $184 million. The first $59 million loan refinanced The Nicole, a 19-story, luxury multifamily rental apartment located in Midtown West at 400 W. 55th St., between Ninth and Tenth avenues in Hell’s Kitchen. Completed in 2003, the development has 149 residential units, amenities and 34,000 square feet of commercial space. As an “80/20” building, 30 units are low-income housing.

Betsy Kim

Betsy Kim is the bureau chief, East Coast, and New York City reporter for Real Estate Forum and GlobeSt.com. As a lawyer and journalist, Betsy has worked as the director of editorial and content for LexisNexis Lawyers.com, a TV/multi-media journalist for NBC and CBS affiliated TV stations in the Midwest, and an associate producer at Court TV.

More from this author

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2019 ALM Media Properties, LLC. All Rights Reserved.