NorthMarq’s N.J. Office Arranges $11.4M Mortgage for Retail Condo in NYC

NEW JERSEY—NorthMarq’s New Jersey regional office has closed on an $11.4 million loan for the acquisition of the Orion, a 42,774-sq.-ft. retail condominium as part of the newly constructed 58-story residential high rise.

Working exclusively on behalf of a major REIT client, Gregory Nalbandian, senior vice president and managing director, secured aggressive five-year, interest-only financing through a regional bank.

Situated on West 42nd Street between Eighth and Ninth Avenues, the property is home to Icon Parking Garage, Well Green Market and Starbucks, among others.

Hide comments


  • Allowed HTML tags: <em> <strong> <blockquote> <br> <p>

Plain text

  • No HTML tags allowed.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Lines and paragraphs break automatically.