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Marx Realty refinances 10 Grand Central

Marx Realty has secured an $140 million loan from MetLife to refinance its 35-story office tower at 10 Grand Central (AKA 155 East 44th Street). This follows a recently completed $45 million renovation at the 438,000 SF property. 

  • Be Smart: The 10-year, interest-only loan carries a rate of 3.99 percent and a loan-to-value of just 30 percent. 
  • Tenants include… Benenson Capital Partners and Association of National Advertisers. The property is 91 percent leased, according to CO.

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