The 30-percent-vacant 666 Fifth faces a $1.2 billion mortgage coming due in February 2019. Bloomberg said it lost $14.5 million in 2016 and would likely lose $24 million this year. Without new investment by Vornado, Kushner could lose control of the tower to its lenders
The 30-percent-vacant 666 Fifth faces a $1.2 billion mortgage coming due in February 2019. Bloomberg said it lost $14.5 million in 2016 and would likely lose $24 million this year. Without new investment by Vornado, Kushner could lose control of the tower to its lenders.
https://nypost.com/2017/10/17/real-estate-giant-throws-wrench-in-kushners-redevelopment-plan/
Interesting article date.
10/17/17