David J. Koeppel Secures $20 Million Refinancing Loan For 1255 Broadway Office In Manhattan
1255 Broadway
$20,000,000
$165/SF
Building Size
120,882 SF
Asset Type
Office
Closing
Oct 27, 2026
About this deal
AI
The asset involved in this transaction is a 120,882-square-foot office building located at 1255 Broadway in Penn Plaza, Manhattan. The refinancing loan amount secured for this property is $20 million.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $20,000,000
- Lender: Minnesota Life Insurance
- Landlord: David J. Koeppel
- Agency: Koeppel Rosen
- Loan Type: Refinance
In this transaction, Koeppel Rosen facilitated the refinancing loan from Minnesota Life Insurance Company, representing the interests of David J. Koeppel, the landlord of the property.
On the Map
$20,000,000
$165/SF
Office
View full map
Players
New York Office Market Snapshot
Boundary boundary · Office · Loan transactions
Loading comparables…
Deal FAQ
Browse New York office loans on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.79%
Cash-on-Cash
-0.23%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93