Aurora Capital Associates And William Gottlieb Real Estate Secure $293.2M Refinance Loan In Manhattan
40 10th Avenue
$293,200,000
Building Size
—
Asset Type
Office
Closing
Sep 2, 2026
About this deal
AI
The property involved in this transaction is located at 40 10th Avenue in Manhattan. It is classified as an office asset and is part of the refinance process. The total loan amount for this property is $293,200,000, and the terms of the loan are set for 5 years.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $293,200,000
- Lender: Andrew Fleming - Corebridge Financial
- Borrower: Aurora Capital Associates & William Gottlieb Real Estate
- Brokers: Aaron Appel, Dustin Stolly, Jonathan Schwartz, Jordan Casella, Stanley Cayre, Keith Kurland & Adam Schwartz - Walker & Dunlop
The individuals facilitating this deal include a group of brokers from Walker & Dunlop, which consists of Aaron Appel, Dustin Stolly, Jonathan Schwartz, Jordan Casella, Stanley Cayre, Keith Kurland, and Adam Schwartz. They represent the interests of the borrower in this financial transaction.
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
0.05%
Cash-on-Cash
-0.02%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93