Updated Nov 17, 2025
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
New York Special Purpose Market Snapshot
Boundary boundary · Special Purpose · Loan transactions
Loading comparables…
Deal FAQ
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