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10 East 53rd Street

Jeffrey Kaplan Of Meadow Partners Secures $155 Million Acquisition Loan For Manhattan Office At 10 East 53rd Street
FINANCEDOffice

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:

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

Nick Scribani

Newmark

Broker

$56.7B

vol

201 deals

Broker

Jeffrey Kaplan

Meadow Partners

Buyer

$710M

vol

3 deals

Buyer
Marc Costantini

Marc Costantini

Corebridge Financial

Lender

$246.8M

vol

2 deals

Lender
Corebridge Financial
Corebridge FinancialLender

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