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New York Life Loans $97M For Manhattan Office Property

Law360 (July 13, 2018, 3:47 PM EDT) -- A real estate arm of New York Life Insurance Co. has provided $97 million in financing to a joint venture of William Kaufman Organization and Sage Realty for a Manhattan office property, according to an announcement from New York Life on Friday.

New York Life Real Estate Investors provided the loan, which is for 20 years, for 2 Gansevoort St., a nine-story building. The property, formerly known as 320 W. 13th St., has 212,560 square feet and was built in 1912.

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