5 East 59th st
The Maxwell Hotel
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20,000 SF
Non-Performing Loan: Midtown Manhattan Office Building
Capstone Equities acquired the non-performing first mortgage on this seven-story building in August 2010. Located in the heart of Midtown and one building off of Fifth Avenue, it is located in one of the most desired areas in Manhattan and has the opportunity to utilize an additional 10,000+ square feet of unused development rights. The mortgage was fully repaid at par in 2012.
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