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100 Crosby Street

GFP Real Estate Closes $83M Refinancing With TD Bank And BNY Mellon For 100 Crosby Street
FINANCEDOffice

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:

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

Paul Talbot

Newmark

Broker

$597.6M

vol

17 deals

Broker
Bank Of NY Mellon
Bank Of NY MellonLender
TD Bank
TD BankLender
Jeffrey Gural

Jeffrey Gural

GFP Real Estate

Landlord

$915.3M

vol

20 deals

Landlord

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