Josh Flagg Of Flagg Family Capital Refinances Retail Condos At 597 Broadway For $7.5M
597 Broadway
$7,500,000
$1,389/SF
Building Size
5,399 SF
Asset Type
Condo
Closing
Sep 9, 2026
About this deal
AI
A condo located at 597 Broadway in SoHo, Manhattan, consists of two retail units with a combined square footage of 5,399. The property has undergone refinancing with a total loan amount of $7,500,000.
Summary of transaction details:
- Property Type: Condo
- Transaction Amount: $7,500,000
- Address: 597 Broadway
- Market: SoHo, Manhattan
- Lender: Lightstone Group
- Landlord: Josh Flagg - Flagg Family Capital
- Loan Type: Refinance
Josh Flagg, representing Flagg Family Capital, has refinanced the property, replacing an existing debt of $4.5 million from Benmark Capital with the new loan secured from Lightstone Group.
Players
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.12%
Cash-on-Cash
-0.60%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93