facebook
TradedTraded
    Home
    Search
    Closings
    Listings
    On Market
    Off Market
    Add a listing
    Vaults
    shh
    Rankings
    News
    Data
    Socials
    More


Messages

Go Pro
+ Submit+ Submit a Deal
Home

/

Deals

/

New York

/

Office

/

Loan

/

1239 Broadway

JP Morgan Provides $97 Million Refinance Loan To Justin Management For Manhattan Office Asset
FINANCEDOffice

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

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.

Players

Adam Justin

Justin Management

Landlord

$101M

vol

6 deals

Landlord

Market 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

0.16%

Cash-on-Cash

-0.05%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93