Carnegie Hall Tower Lands $325M Refi

This marks Singer & Bassuk’s fifth financing arranged for the 60-story skyscraper since 1988. The César Pelli-designed iconic building won an Honor Award from the American Institute of Architects.
Carnegie Hall Tower, New York
Carnegie Hall Tower, New York

TF Cornerstone, the owner and developer of Carnegie Hall Tower, a trophy office building in Manhattan’s Plaza District, reached out to a familiar name for help in securing a $325 million loan from Metropolitan Life Insurance Co. to refinance the 60-story skyscraper—The Singer & Bassuk Organization.

It marks the fifth time the boutique real estate finance brokerage and advisory firm has arranged debt for the 555,000-square-foot building at 152 W. 57th St., which was developed in 1989. That area along West 57th Street is known as Billionaires’ Row for the super-luxury residential properties built there in recent years.

The 15-year mortgage has an interest rate of less than 4 percent, according to the Wall Street Journal

Carnegie Hall Tower Lands $325M Refi

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