Updated Oct 20, 2026
Jeff T. Blau Of Related Companies Secures $750M Refinance Loan From Wells Fargo For Manhattan Plaza
576 10th Avenue
$750,000,000
$357/SF
Building Size
2,099,504 SF
Asset Type
MultiFamily
Closing
Sep 29, 2026
About this deal
AI
The asset involved is a multifamily residential building located at 576 10th Avenue in the Hell’s Kitchen neighborhood of Manhattan. The property comprises a total of 1,689 units and has a square footage of 2,099,504. Related Companies has secured a refinancing loan of $750 million from Wells Fargo for this property.
Summary of transaction details:
- Property Type: MultiFamily
- Transaction Amount: $750,000,000
- Address: 576 10th Avenue
- Market: Hell’s Kitchen, Manhattan
- Units: 1,689
- Lender: Wells Fargo
- Landlord: Jeff T. Blau - Related Companies
- Loan Type: Refinance
Key individuals in this transaction include Jeff T. Blau, who represents Related Companies, the landlord involved in the refinancing deal. The lender for this loan is Wells Fargo, indicating a significant financial partnership in the management of the property.
On the Map
$750,000,000
$357/SF
MultiFamily
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New York MultiFamily Market Snapshot
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.02%
Cash-on-Cash
-0.01%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93