Jeffrey Kaplan Of Meadow Partners Secures $155 Million Acquisition Loan For Manhattan Office At 10 East 53rd Street
10 East 53rd Street
$155,000,000
$402/SF
Building Size
385,224 SF
Asset Type
Office
Closing
Aug 4, 2026
AI
The asset involved in this transaction is an office building located at 10 East 53rd Street in Manhattan, featuring a total square footage of 385,224. The loan amount secured for the acquisition of this property is $155,000,000.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $155,000,000
- Lender: Marc Costantini - Corebridge Financial
- Borrower: Jeffrey Kaplan - Meadow Partners
- Borrower's Representative: Jordan Roeschlaub, Nick Scribani, Tim Polglase, Stavros Giannakopoulos, Lance Tillman & John Caraviello - Newmark
- Date: 08/04/2026
This transaction was facilitated through a representation by a group of brokers from Newmark, namely Jordan Roeschlaub, Nick Scribani, Tim Polglase, Stavros Giannakopoulos, Lance Tillman, and John Caraviello, who acted on behalf of the borrower, Jeffrey Kaplan from Meadow Partners.
Players
New York Office Market Snapshot
Boundary boundary · Office · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.10%
Cash-on-Cash
-0.03%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93