Park 53

Manhattan, NY

Office - Acquisition

Park 53

OFFICE - ACQUISITION

ACRES Capital Corp. has co-originated a $120 million loan to fund the acquisition of Park 53 located at 45 East 53^rd Street in New York City.

Well located within Midtown Manhattan’s Plaza District, the property is walking distance from Grand Central Station as well as multiple major subway lines and bus routes. The property is a 19-story lower-level Class A boutique high-rise office building with a total net rentable area of 127,473 SF.

The property includes:

14,257 of amenity space and 2,500 SF of retail space.
Glass and steel façade and column free floor plans
Unobstructed views of Park Avenue

$120 Million

Loan Amount

Bridge Loan

Loan Product

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ACRES Capital, LLC (“ACRES”) is an SEC-registered investment adviser with an office in Uniondale, New York. ACRES and its representatives are in compliance with the current registration and notice filing requirements imposed upon SEC-registered investment advisers by those states in which ACRES maintains clients. SEC registration is not an endorsement of the firm by the Commission and does not mean that the adviser has attained a specific level of skill or ability.