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4320 Broadway

TriState Capital Provides $19 Million Refinance Loan For Mixed-Use Property On Broadway In New York
FINANCEDMixed-use

TriState Capital Provides $19 Million Refinance Loan For Mixed-Use Property On Broadway In New York

4320 Broadway

$19,000,000

$261/SF

Building Size

72,609 SF

Asset Type

Mixed-use

Closing

Mar 16, 2023

AI

The mixed-use property located at 4320 Broadway in New York has undergone a recent loan transaction. The property spans a total area of 72,609 square feet and is situated in the thriving New York market.

Summary of transaction details

TriState Capital provided a loan amount of $19,000,000 to facilitate the refinancing of the property at 4320 Broadway. This transaction was overseen by brokers Morris Betesh and Omar Ferreira from the Meridian Capital Group, representing the parties involved in the deal.

Players

Morris Betesh

Arrow Real Estate Advisors

Broker

$12.4B

vol

214 deals

Broker
Meridian Capital Group
Meridian Capital GroupBrokerage
Gary Spindler

Gary Spindler

Park-It Management

Landlord

$111.3M

vol

6 deals

Landlord

Market Mixed-use Market Snapshot

Boundary boundary · Mixed-use · Loan transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.83%

Cash-on-Cash

-0.24%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93