$12,500,000 Floating-Rate Financing 

222-park-ave-south-pictureAltman Warwick closed a 10-year floating rate loan secured by a 11,000 square foot ground & lower level commercial cooperative unit.  Located on the northwest corner of 21st Street and Park Avenue, the building is a 12-story cooperative apartment building with retail space on the first floor and lower-level.  The retail/commercial space is occupied by Rothman’s. Rothmans is a third generation men’s clothing destination that has been in business in Union Square for over 30 years. The loan was priced at a very attractive spread of 165 bps over the 10 year swap rate.

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