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500 West 18th Street

Updated Jun 5, 2025

Witkoff And Access Industries Secure $1.2 Billion Refinance Loan From J.P. Morgan And TYKO Capital
FINANCEDMixed-use

Witkoff And Access Industries Secure $1.2 Billion Refinance Loan From J.P. Morgan And TYKO Capital

500 West 18th Street

$1,200,000,000

$1,596/SF

Building Size

751,691 SF

Asset Type

Mixed-use

Closing

Aug 16, 2024

About this deal

AI

The property asset involved in the transaction is a mixed-use building located at 500 West 18th Street in Manhattan. The asset encompasses a total square footage of 751,691. The loan amount for the property is $1,200,000,000 and the loan type is refinance.

Summary of transaction details:

Key individuals involved in the deal include Aaron Appel, Len Blavatnik, Keith Kurland, Steve Witkoff, Jonathan Schwartz, Alex Witkoff, and Adam Schwartz. Their roles are significant in the refinancing process of this mixed-use property.

On the Map

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$1,200,000,000

$1,596/SF

Mixed-use

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Players

Aaron Appel

Walker & Dunlop

Broker

$35.7B

vol

209 deals

Broker
J.P. Morgan Chase
J.P. Morgan ChaseLender
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New York Mixed-use Market Snapshot

Boundary boundary · Mixed-use · Loan transactions

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Deal FAQ

About $1.6K per square foot on a published $1.2B for 751,691 square feet (2024).

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Browse New York mixed use loans on Traded.

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.01%

Cash-on-Cash

-0.00%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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