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REAL FIREFIGHTERS WORKED ON LADDER 49

REAL FIREFIGHTERS WORKED ON LADDER 49
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Here s What Office Tenants Pay at the Woolworth Building

The Woolworth Building at 233 Broadway (Getty) Overlooking City Hall Park in Lower Manhattan, the Woolworth Building was the tallest in the world when built in 1913. The Woolworth family sold the 60-story tower in 1998, and in 2012 the Witkoff Group and Cammeby’s International sold the top half to Alchemy Properties, which would convert it into high-end condos. Witkoff and Cammeby’s still own the office portion of the building, at 233 Broadway, and in 2015 refinanced it with a $256 million loan from Blackstone. The financing was expanded to $355 million in 2018, and last fall a $56 million piece of the debt was included in a CMBS deal named BXMT 2020-FL3.

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