The Oskar.
NEW YORK CITY- The Moinian Group,a national real estate owner and operator of real estate, hassecured a $105 million loan from the Bank of China to refinance 57211th Ave. on the southeast corner of West 43rd Street and 11th Avenue,in Hell's Kitchen, Manhattan.
The loan has a fixed rate of 2.8percent over 10 years and will replace the current constructionloan debt on the project. The property, dubbed The Oskar, is a183,000-square-foot, 164 apartment rental building with afull-block of retail leased to Starbucks and The LearningExperience. The 1,175 unit luxury residential property at42nd Street and 11th Avenue.
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Mariah Brown
Mariah Brown is the New York Bureau Chief and Real Estate Reporter for GlobeSt.com, covering the New York Metro area, Northeast region and national real estate trends. She is responsible for producing multi-media content, including articles, podcasts and video. Before joining the GlobeSt team, she served as a New York Times fellow, reported for the Associated Press in New York and Philadelphia and several other New York City-based outlets.
