Vornado Realty Trust's joint venture has secured a $161 million refinancing for 61 Ninth Ave., a 194,000-square-foot office and retail property in Manhattan.
Vornado Realty Trust has successfully refinanced 61 Ninth Ave., a 194,000-square-foot mixed-use asset located in the Meatpacking District, with a new $161 million interest-only loan. The facility, which is fully leased to Aetna and Starbucks, carries an interest rate of SOFR plus 3.00% for the first year, scaling up to 3.85% for the remaining term before maturing in March 2029.
The new financing replaces a prior $155 million loan that was slated for a November 2026 maturity. The building, designed by Rafael Vinoly Architects, is situated prominently in the Meatpacking District near major landmarks including Apple's flagship store and Google's New York headquarters.
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