J.P. Morgan Chase Provides $282.5 Million Loan For Office Tower At 1325 6th Avenue
1325 6th Avenue
$282,500,000
$342/SF
Building Size
825,905 SF
Asset Type
Office
Closing
Apr 9, 2026
About this deal
AI
The asset involved in this transaction is an 825,905-square-foot office tower located at 1325 6th Avenue in the Manhattan market. The property is associated with a loan amount of $282,500,000 provided by J.P. Morgan Chase.
Summary of transation details:
- Property Type: Office
- Transaction Amount: $282,500,000
- Address: 1325 6th Avenue
- Market: Manhattan
- Lender: J.P. Morgan Chase
- Landlord: Michael Nierenberg - Rithm Capital Corp
- Loan Amount: $282,500,000
- Expected Pricing: 6.6% coupon
- Asset Size: 825,905 SF
The deal involves key individuals such as Jamie Dimon and Michael Nierenberg, with the latter representing Rithm Capital Corp as the landlord for this transaction.
On the Map
$282,500,000
$342/SF
Office
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Players
New York 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
0.06%
Cash-on-Cash
-0.02%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93