JPMorgan Chase Provides $47M Loan For Office Building At 230 Fifth Ave. In Manhattan

Jeffrey Gural, the landlord, has closed a loan transaction for an office property located at 230 Fifth Ave in the Flatiron District of Manhattan. The property spans 465,000 square feet and is owned by GFP Real Estate. The loan amount for this transaction was $47,000,000, provided by JPMorgan Chase. The loan has a fixed-rate and a term of 10 years.

Summary of transation details

• Property Type: Office
• Transaction Amount: $47,000,000
• Address: 230 Fifth Ave
• Market: Flatiron District, Manhattan
• Lender: JPMorgan Chase
• Landlord: GFP Real Estate - Jeffrey Gural

Paul Talbot, a broker representing Newmark, facilitated the transaction between Jeffrey Gural and JPMorgan Chase. The office property, situated in the bustling Flatiron District, offers a prime location for businesses seeking a presence in Manhattan. With its expansive 465,000 square feet, the property can accommodate a variety of office space needs.