GFP Real Estate Closes $83M Refinancing With TD Bank And BNY Mellon For 100 Crosby Street
100 Crosby Street
$83,000,000
$474/SF
Building Size
175,000 SF
Asset Type
Office
Closing
Jan 21, 2026
AI
The asset involved in this transaction is a 175,000 square foot, fully leased, six-story office and retail building located at 100 Crosby Street in the SoHo market of Manhattan.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $83,000,000
- Lender: TD Bank & BNY Mellon
- Landlord: Jeffrey Gural & Neith Stone - GFP Real Estate
- Broker: Paul Talbot - Newmark
- Loan Type: Refinance
Key individuals involved in this deal include Jeffrey Gural and Neith Stone, who represent GFP Real Estate as the landlords. Paul Talbot from Newmark acted as the broker for this refinancing transaction, which replaced a $100 million loan from 2015.
Players
New York Office Market Snapshot
Boundary boundary · Office · Loan transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.19%
Cash-on-Cash
-0.05%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93