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:
- Property Type: Office
- Transaction Amount: $47,000,000
- Address: 415 West 13th Street
- Market: Meatpacking District
- Asset Square Footage: 62,707
- Lender: JPMorgan
- Landlord: MacArthur Holdings
- Brokers: James Murad, Adam Hakim, Michael Winter, Evan Brudnicki, and Alexander Korolik - Ripco
- Loan Type: Refinance
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
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