Northeast Regional Office

2 Gansevoort
New York, New York

“ New York Life is pleased to provide low leverage financing secured by a historically landmarked loft style office building located in NYC’s dynamic Meatpacking District. This opportunity represents the establishment of a new relationship with the William Kaufman Organization and Sage Realty.”
— Keith Duane, Director

  • Originally developed as an industrial building in 1912, the property has been modernized and upgraded to attract new boutique office users and increase revenues.
  • Superior location with convenient access to multiple subway lines and first class retail, as well as recreational opportunities.
  • The 20 year fixed rate financing met the Sponsor’s objectives for an asset that is a long term hold and is representative of New York Life’s Core lending platform.
  • Sponsorship is a well established NYL real estate company.

Source: REI Northeast Regional Office, August 2018.