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William Kaufman Closes on $50M Mortgage

NEW YORK CITY—The property owner has secured permanent financing for its landmarked office building in the Meatpacking District.

By Rayna Katz | Updated on November 05, 2014

NEW YORK CITY—The William Kaufman Organization has closed on a $50 million permanent first mortgage loan for its landmarked Meatpacking District office building at 320 West 13th St., which was recently renamed 2 Gansevoort St.

The loan, which was provided by M&T Bank, will fund tenant and ongoing capital improvements at the property, which is experiencing a renaissance due to the changing character and growing popularity of the Meatpacking District as well as its location two blocks east of the High Line.

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