David Levinson & Marty Burger Secure $185 Million Loan For 600 Third Avenue In New York
600 Third Avenue
$185,000,000
$321/SF
Building Size
575,254 SF
Asset Type
Office
Closing
Sep 23, 2026
About this deal
AI
The property involved in this transaction is an office asset located at 600 Third Avenue, New York, NY. The property encompasses a total square footage of 575,254 and is part of the New York market. The acquisition loan amount for this asset is $185,000,000.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $185,000,000
- Lender: Michael Ward & Mark Gormley - Bain Capital
- Borrower: David Levinson & Marty Burger - L&L Infinite
- Landlord's Representative: Jordan Roeschlaub & Nick Scribani - Newmark
- Loan Type: Acquisition
The key individuals involved in this deal include the lender representatives, Michael Ward and Mark Gormley from Bain Capital, and the borrower representatives, David Levinson and Marty Burger from L&L Infinite. Additionally, the landlord's representatives, Jordan Roeschlaub and Nick Scribani, are affiliated with Newmark in this transaction.
On the Map
$185,000,000
$321/SF
Office
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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
0.09%
Cash-on-Cash
-0.02%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93