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415 West 13th Street

MacArthur Holdings Secures $47 Million Refinance Loan From JPMorgan For 415 West 13th Street
FINANCEDOffice

MacArthur Holdings Secures $47 Million Refinance Loan From JPMorgan For 415 West 13th Street

415 West 13th Street

$47,000,000

$749/SF

Building Size

62,707 SF

Asset Type

Office

Closing

Jun 26, 2025

AI

The property asset involved in this transaction is an office space located at 415 West 13th Street in the Meatpacking District. The asset encompasses a total square footage of 62,707 and is associated with a refinance loan amount of $47,000,000.

Summary of transation details:

This transaction highlights the involvement of several key brokers from Ripco, specifically James Murad, Adam Hakim, Michael Winter, Evan Brudnicki, and Alexander Korolik, representing the interests linked to the deal. The transaction was facilitated through the lender JPMorgan, reflecting the financial dynamics of the Meatpacking District market.

Players

James Murad

Ripco

Broker

$3B

vol

63 deals

Broker
Alexander (Xander) Korolik
Verified Badge

Alexander Korolik

Ripco

Broker

$439M

vol

9 deals

Broker
Ripco
RipcoBrokerage

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

0.34%

Cash-on-Cash

-0.10%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93