KKR signs $500M refi with Bank of America for office in Hudson Yards

KKR & Co. through the entity KKR HY Owner LLC as borrower signed a refi loan with lender Bank of America valued at $500 million for two office condominium units at 30 Hudson Yards in Hudson Yards, Manhattan.
The deal closed on December 9, 2025 and was recorded on December 12, 2025. The prior lender was Deutsche Bank which held debt that had an original loan amount of $490 million. The two properties have 253,982 square feet of built space according to a PincusCo analysis of city data.
The signatory for KKR & Co. was Robert Lewin . The signatory for Bank of America was Tyler Mossman .

Because multiple properties have been transacted, some of the following sections will follow the property with the largest assessed value, which in this case, is the property on 30 Hudson Yards.

The property

The office condo in Hudson Yards has 253,982 square feet of built space according to a PincusCo analysis of city data. The parcel has a total lot size of 202,100 square feet. The city-designated market value for the property in 2022 is $120.8 million.

Violations and lawsuits

There were no lawsuits or bankruptcies filed against the properties for the past 24 months. In addition, according to city public data, the properties have not received any significant violations in the last year.

Development

For the tax lot buildings, one out of the two buildings received a initial certificate of occupancy in the last ten years. There are no active new building construction projects or major alteration projects with initial costs more than $1 million on this tax lot.

The neighborhood

In Hudson Yards, The majority, or 59 percent of the 16.8 million square feet of commercial built space are office buildings, with elevator buildings next occupying 22 percent of the space. In sales, Hudson Yards has the 41st highest sale turnover among other neighborhoods in Manhattan with $34.8 million in sales volume in the last two years. For development, Hudson Yards has near average amount of major developments among other neighborhoods and is the 25th highest in Manhattan. It had 1.4 million square feet of commercial and multi-family construction under development in the last two years, which represents 8 percent of the neighborhood’s built space.

The block

On the tax block of 30 Hudson Yards, PincusCo has identified the owners of five of the nine commercial properties representing 1,835,464 square feet of the 1,842,264 square feet. The two identified owners are Related Companies and MTA.
On the tax block, there were three new building construction projects totaling 7,051,133 square feet. The largest is a 392-unit, 6,180,866 square-foot residential (R-2) building submitted by Related Companies and filed by Gregory Gushee with plans filed December 16, 2013 and permitted January 21, 2016. The second largest is a 356-unit, 870,266 square-foot residential (R-2) building submitted by Bruce Beal, Jr.|Jeff Blau|Gregory Gushee|Michael Iannacone|Stephen Ross and filed by Lotfalla Emad with plans filed January 23, 2015 and permitted June 20, 2016.

The majority, or 100 percent of the 1.8 million square feet of built space are office buildings, with specialty buildings next occupying 0 percent of the space.

The borrower

The PincusCo database currently indicates that KKR & Co. owned at least four commercial properties with 404 residential units in New York City with 348,065 square feet and a city-determined market value of $62.5 million. (Market value is typically about 50% of actual value.) Within the portfolio, the bulk, or 96 percent of the 348,065 square feet of built space are elevator properties, with M1 properties next occupying 4 percent of the space. They are all located in Brooklyn.

Direct link to Acris document. link