Location:            New York, NY
Property Type:        Office Condominium
Size:     12,749 sf
Date Acquired:  March 2000

The subject property is located on Fifth Avenue between West 37th Street and West 38th Street in Midtown Manhattan. The asset is an office condominium unit situated on the entire 27th floor of a 30-story 609,197 square foot class A office property that was constructed in 1991. In 2007 AION was able to refinance the asset based on a valuation more than 50% greater than the purchase price providing for a substantial return on the initial investment.