JP Morgan Provides $97 Million Refinance Loan To Justin Management For Manhattan Office Asset
1239 Broadway, 213 West 35th Street & 147 West 26th Street
$97,000,000
$440/SF
Building Size
220,000 SF
Asset Type
Office
Closing
Jun 8, 2026
About this deal
AI
The property asset involved in the transaction is located at 1239 Broadway, 213 West 35th Street & 147 West 26th Street in the Manhattan market. The asset type is office space, encompassing a total square footage of 400,000. The loan amount secured for refinancing this property is $97,000,000.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $97,000,000
- Loan Type: Refinance
- Lender: JP Morgan
- Landlord: Justin Management
Key individuals involved in this transaction include Jamie Dimon and Adam Justin, representing their respective entities in the refinancing deal. JP Morgan served as the lender, while Justin Management held the position of landlord for the property.
On the Map
$97,000,000
$440/SF
Office
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Players
Market 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
0.16%
Cash-on-Cash
-0.05%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93