One of the trophy properties in TF Cornerstone’s Manhattan portfolio could face a rough road ahead. The firm’s 230 Park Avenue South office building, which it purchased in 2007 for about $230 million, is showing signs of distress. The coronavirus also may complicate the gradual move-in of its sole tenant. TF Cornerstone has been slightly behind on mortgage payments every month this year on the 13-story building, according to data from Trepp. Its sole office
source https://therealdeal.com/2020/04/22/tf-cornerstones-230-park-ave-south-showing-signs-of-distress/
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