Jon Winkelried Of TPG Capital Acquires Office Building From Steven Elghanyan For $71M
410 West 13th Street
$71,000,000
$1,061/SF
Building Size
66,893 SF
Asset Type
Office
Closing
Dec 26, 2025
AI
The transaction involved an office asset located at 410 West 13th Street in Manhattan's Meatpacking District. The property spans 66,893 square feet and was sold for a total of $71 million, translating to approximately $1,061 per square foot.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $71,000,000
- Square Footage: 66,893
- Price Per Square Foot: $1,061
- Buyer: Jon Winkelried - TPG Capital
- Seller: Steven Elghanyan - EPIC LLC
- Transaction Date: December 26, 2025
- Address: 410 West 13th Street, Meatpacking District, Manhattan
Jon Winkelried of TPG Capital and Steven Elghanyan of EPIC LLC were the key individuals involved in the deal, with Winkelried representing the interests of TPG Capital as the buyer and Elghanyan representing EPIC LLC as the seller.
Players
New York Office Market Snapshot
Boundary boundary · Office · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.22%
Cash-on-Cash
-0.06%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93