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66 Hudson Boulevard East

Updated Feb 28, 2025

Tishman Speyer Secures $2.85 Billion Refinance Loan From JPMorgan Chase Bank Of America Goldman Sachs
FINANCEDOffice

Tishman Speyer Secures $2.85 Billion Refinance Loan From JPMorgan Chase Bank Of America Goldman Sachs

66 Hudson Boulevard East & 509 West 34th Street

$2,850,000,000

$641/SF

Building Size

2,221,336 SF

Asset Type

Office

Closing

Jan 9, 2025

About this deal

AI

The asset involved in this transaction is an office property located at 66 Hudson Boulevard East & 509 West 34th Street in the Hudson Yards market of Manhattan. The property encompasses a total square footage of 2,221,336. The landlord for this property is Rob Speyer of Tishman Speyer. The transaction encompasses a refinance loan amount of $2,850,000,000, which replaces a previous loan of $1.3 billion secured with Blackstone.

Summary of transaction details:

This refinancing transaction highlights the collaboration between notable financial institutions including JPMorgan Chase, Bank of America, and Goldman Sachs. These lenders facilitated the refinancing of the Spiral office building, demonstrating a significant financial move within the Manhattan real estate market.

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$2,850,000,000

$641/SF

Office

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Players

Bank of America
Bank of AmericaLender
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New York Office Market Snapshot

Boundary boundary · Office · Loan transactions

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Deal FAQ

About $641 per square foot on a published $2.9B for 4,442,672 square feet (2025).

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.01%

Cash-on-Cash

-0.00%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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