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Derby Copeland Capital Provides $14M Acquisition Loan For Office At 256 West 38th Street

Property Image
FINANCED
$14,000,000

New York

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Office96,736 SF
Financed 05/22/2025
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Property Image
FINANCED

Derby Copeland Capital Provides $14M Acquisition Loan For Office At 256 West 38th Street

256 West 38th Street

See Similar Deals
Office96,736 SF
Financed 05/22/2025
the dealplayerscompscontact
Contact now

Summary

NEW YORK
Asset Type:Office
Price Per Square Foot:$144
Total Square Footage:96,736 SF
Transaction Type:Loan

An acquisition loan of $14,000,000 has been closed for an office property located at 256 West 38th Street in the Garment District, Manhattan. The property spans a total of 96,736 square feet and is situated in a prominent market area.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: $14,000,000
  • Address: 256 West 38th Street
  • Market: Garment District, Manhattan
  • Lender: Derby Copeland Capital
  • Broker: Max Ralby - Newmark
  • Loan Type: Acquisition

Derby Copeland Capital, a private equity firm based in New York City that specializes in opportunistic real estate-related debt financing and equity investments, provided the loan for this transaction. The deal was facilitated by broker Max Ralby, representing the interests in the acquisition process.

Players

Max Ralby
Newmark
Max Ralby
74 deals$3.8B volume
BROKER
Derby Copeland Capital
Derby Copeland Capital
LENDER

Details

FINANCED
IMAGE: Max Ralby DATE: 5/23/2025 ADDRESS: 256 West 38th Street MARKET: Garment District, Manhattan ASSET TYPE: Office ~ SF: 96,736 LENDER: Derby Copeland Capital BROKER: Max Ralby - Newmark LOAN AMOUNT: $14,000,000 LOAN TYPE: Acquisition NOTE FROM LENDER: Derby Copeland Capital closed an acquisition loan for $14,000,000 at a property located at 256 West 38th Street in the Garment District of Manhattan. Derby Copeland Capital is a New York City-based private equity firm that specializes in opportunistic real estate-related debt financing & equity investments. Derby Copeland Management Group, LLC is a registered investment adviser, which such registration does not provide any expertise or skill. Information presented is for information purposes only and does not intend to make an offer or solicitation for the sale or purchase of any specific securities, investments, or investment strategies. Past performance is no guarantee of future returns. Investing involves risk and possible loss of principal capital.

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$14,000,000.00

Monthly NOI$93,333.33
Monthly Debt Service$88,489.52
Change in Cash Flow$0.00
Refinance Proceeds$0.00