Northeast Regional Office
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.