Himmel + Meringoff Properties has struck a $93 million recapitalization of its mixed-use office asset in Midtown West, Manhattan, called 525 West 57th Street.

As reported by the Commercial Observer, the investment firm plans to use the proceeds for work on the nearby Mount Sinai West hospital. This includes future leasing of 63,000 square feet of space at the building and completing 50,000 square feet of construction for the center’s dermatology and neurological departments.


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