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225 East 126th Street

Updated Nov 17, 2025

Murphy & McManus Refinances New York Proton Center In East Harlem With $245 Million Loan From Nordic Trustee
FINANCEDSpecial Purpose

Murphy & McManus Refinances New York Proton Center In East Harlem With $245 Million Loan From Nordic Trustee

225 East 126th Street

$245,000,000

$1,758/SF

Building Size

139,333 SF

Asset Type

Special Purpose

Closing

Oct 10, 2025

About this deal

AI

The property asset involved in this transaction is a special purpose facility located at 225 East 126th Street in East Harlem, Manhattan. The asset has a square footage of 139,333 and is part of the refinancing arrangement that took place on October 10, 2025.

Summary of transaction details:

  • Property Type: Special Purpose
  • Transaction Amount: $245,000,000
  • Address: 225 East 126th Street
  • Market: East Harlem, Manhattan
  • Lender: Nordic Trustee
  • Landlord: Robert F. Murphy Jr. - Murphy & McManus, MM Proton I, LLC
  • Loan Type: Refinance

This refinancing deal involved an affiliate of Murphy & McManus, MM Proton I, LLC, who replaced prior debt from Nomura Holdings with the new loan managed by Nordic Trustee, signifying a strategic financial maneuver for the New York Proton Center.

Players

Nordic Trustee
Nordic TrusteeLender

New York Special Purpose Market Snapshot

Boundary boundary · Special Purpose · Loan transactions

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Deal FAQ

About $1.8K per square foot on a published $245M for 139,333 square feet (2025).

Browse New York special purpose loans on Traded.

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.06%

Cash-on-Cash

-0.02%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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