Wednesday, March 21, 2018

Taxi Medallion Lender Progressive Sells Office Condo for $18.1 Million

The Commercial Observer is reporting that troubled taxi medallion lender Progressive Credit Union (New York, NY) sold its 19,105-square-foot office condominium in Midtown South for $18.1 million.

The space spans the entire seventh floor and a portion of the eighth floor in the building at 131 West 33rd Street between Avenue of the Americas and Seventh Avenue.

The story noted that Progressive owns a 5,031-square-foot condo on the eighth floor of the building.

Read the story.
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1 comment:

  1. AnonymousMarch 22, 2018 at 8:45 PM

    Do the proceeds go to covering taxi loan losses or is big shot Familant making out with the good stuff before the cu fails?
    Please tell, McW, that the funds are protecting the insurance fund.

    ReplyDelete

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