Soloviev Group and Bank of America Refinance 9 West 57th Street for $1.8 Billion
Soloviev Group and Bank of America have refinanced the 9 West 57th Street office tower for $1.8 billion, securing a 4.97% interest rate. The refinancing highlights the building's strong tenant demand and premium valuation, with an expected $3.9 billion market value upon stabilization. The property has attracted top-tier tenants and recently secured a 10-year lease at $340 per rentable square foot, the highest rate in NYC.
Topics: commercial property lease agreements real estate refinancing tenants