Orin Wilf's Skyline Developers Secures $70.4 Million Refinance Loan From PGIM For Office Building
1040 6th Avenue
$70,400,000
$324/SF
Building Size
216,932 SF
Asset Type
Office
Closing
Oct 5, 2026
About this deal
AI
The asset involved in this transaction is a 216,932-square-foot office building located at 1040 Sixth Avenue in Manhattan’s Garment District. The refinancing loan secured amounts to $70,400,000.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $70,400,000
- Lender: PGIM
- Landlord: Orin Wilf - Skyline Developers
- Loan Type: Refinance
The deal was executed by the Wilf family through their company, Skyline Developers, highlighting their ongoing involvement in the real estate market of Manhattan.
The office loan at 1040 6th Avenue in Avenue, New York financed for $70.4M in 2026. The building is 216,932 square feet, implying about 324 per square foot on the published price. Named participants on the 1040 6th Avenue loan are Orin Wilf. This page is the Avenue, New York file for the 1040 6th Avenue office financed: pricing, party profiles, and other closed office comps from the same Avenue sit in the Market section below. Filter that Avenue office set by closing date to see what else financed near 1040 6th Avenue around 2026. Published consideration for 1040 6th Avenue is $70.4M, dated 2026. Cite this Orin Wilf's Skyline Developers Secures $70.4 Million Refinance Loan From PGIM For Office Building loan when underwriting similar office product around Avenue, New York.
On the Map
$70,400,000
$324/SF
Office
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Players
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.23%
Cash-on-Cash
-0.06%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93