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Meatpacking District Gem Refinanced for $293M
18 Sep
Summary
- A $293.2 million refinance was arranged for a mixed-use property.
- The building features extensive private outdoor space.
- It is located in Manhattan's sought-after Meatpacking District.
Walker & Dunlop has successfully arranged a $293.2 million refinancing for 40 Tenth Avenue, a significant mixed-use property situated in Manhattan's vibrant Meatpacking District. The fixed-rate, permanent debt was secured from Corebridge Financial, Inc.
Completed in 2019, the 158,957-square-foot property features 112,241 square feet of office space and 46,716 square feet of retail space. It includes substantial outdoor amenities, such as an approximately 10,000-square-foot rooftop terrace and an 8,000-square-foot second-floor terrace.
The property is fully leased with a notable tenant roster, including Hyundai Motor for retail and Starwood Capital Group, WestCap Management, and others for office space. Its strategic location offers prime access to the High Line and extensive transit options.
Walker & Dunlop's Capital Markets team leveraged its extensive experience, having sourced over $22 billion from non-Agency capital providers in 2025, solidifying its position as a leading advisor in commercial real estate finance.
