Rialto Capital is marketing the $104.5m loan tied to Aby Rosen’s RFR-owned 90 Fifth Avenue in Midtown South, positioning the vacant office property as either a new headquarters or a potential condo conversion. RFR bought the 137,000-square-foot building for $37m in 2000 and refinanced with Goldman Sachs in 2017 before the debt was securitized. Compass, once the main tenant with 89,000 square feet, has since exited, leaving the office portion fully vacant. Rialto previously filed to foreclose, citing unpaid property taxes, but later withdrew its motion. Newmark’s Adam Spies and Adam Doneger are leading the note sale process.
Rialto Capital
