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JUNE 8, 2007

REFINANCING OF 65 WEST 36TH STREET

- NY Real Estate Journal


Hidrock Realty has refinanced its office building at 65 West 36th Street in Manhattan with a $14.75 million loan from Wachovia Bank for a term of seven years, according to Abraham J. Hidary, president of the firm.

The 12-story, 60,000-square-foot building, located just off Sixth Avenue, is fully occupied by a diverse group of companies.

“When we purchased 65 West 36th Street, it was a derelict and neglected commercial loft building that catered to manufacturing and warehousing tenants,” says Mr. Hidary. “Since then, we have coordinated all our efforts to refurbish the building and turn it into a destination for prestigious office tenants in the Midtown South submarket.”

 

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