Manhattan’s 70 Pine Street secures $386m in refinancing

Manhattan’s 70 Pine Street secures $386m in refinancing

Published at: 2019-09-27 15:20 | Author: CIJ USA
DTH Capital and Rose Associates secured a $386m mortgage to refinance 70 Pine Street in Manhattan’s financial district. Built in 1932 for Cities Service Company, now Citgo, the 67-story building totals 1 million sq ft. Converted to a residential and mixed-use asset in 2011, the property features 644 residential units, a 132-key, 119,000 sq ft extended-stay hotel on floors three through six along with 35,000 sq ft of retail, including a bowling alley. The funding was provided by Goldman Sachs.

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