facebook
Traded Co logo
Submit
Daily limit: 0/10

Steven Roth Of Vornado Realty Trust And Laurence Gluck Of Stellar Management Secure $675 Million Loan In Tribeca

Property Image
FINANCED
$675,000,000

New York

See Similar Deals
MultiFamily
Financed 05/29/2025
the dealplayerscompscontact
Property Image
FINANCED

Steven Roth Of Vornado Realty Trust And Laurence Gluck Of Stellar Management Secure $675 Million Loan In Tribeca

310 Greenwich Street, 40 Harrison Street & 80 North Moore Street

See Similar Deals
MultiFamily
Financed 05/29/2025
Contact now

Summary

NEW YORK
Asset Type:MultiFamily
Transaction Type:Loan

The asset involved in this transaction is a multifamily property located at 310 Greenwich Street, 40 Harrison Street, and 80 North Moore Street in the Tribeca market of Manhattan, comprising a total of 1,328 units. The property recently secured a loan amounting to $675,000,000, refinancing a similar-sized loan that was due in July.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $675,000,000
  • Address: 310 Greenwich Street, 40 Harrison Street & 80 North Moore Street
  • Market: Tribeca, Manhattan
  • Units: 1,328
  • Lender: Deutsche Bank, Morgan Stanley, Wells Fargo & Bank of America
  • Landlord: Steven Roth - Vornado Realty Trust & Laurence Gluck - Stellar Management

The key individuals involved in this transaction include Steven Roth representing Vornado Realty Trust and Laurence Gluck representing Stellar Management. Their roles as landlords were critical in securing the financing from the consortium of banks noted above.

Players

LENDER




45 deals$4.4B volume
LANDLORD

Details

FINANCED
IMAGE: Steven Roth & Laurence Gluck DATE: 05/29/2025 ADDRESS: 310 Greenwich Street, 40 Harrison Street & 80 North Moore Street MARKET: Tribeca, Manhattan ASSET TYPE: Multifamily ~ UNITS: 1,328 LENDER: Deutsche Bank, Morgan Stanley, Wells Fargo & Bank of America LANDLORD: Steven Roth - Vornado Realty Trust (@VornadoRealtyTrust) & Laurence Gluck - Stellar Management (@StellarManagement) LOAN AMOUNT: $675,000,000 NOTE: Independence Plaza at 310 Greenwich St., 40 Harrison St., and 80 North Moore St. in Tribeca secured a $675 million loan from major banks, refinancing a like-sized loan due in July.

Stay in the Know

Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.

By subscribing, you agree to our Terms of Service and Privacy Policy.

Similar Deals

Contact

Get in touch with the broker you want

Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$675,000,000.00

Monthly NOI$4,500,000.00
Monthly Debt Service$4,266,459.16
Change in Cash Flow$0.00
Refinance Proceeds$0.00