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430 West Broadway, New York...

Goldman Sachs Provides $40M Loan For Development Site At 430 West Broadway In SoHo
FINANCEDDevelopment Site

Goldman Sachs Provides $40M Loan For Development Site At 430 West Broadway In SoHo

430 West Broadway, New York, NY 10012, USA

$40,000,000

$5,524/SF

Building Size

7,240 SF

Asset Type

Development Site

Closing

Aug 6, 2021

AI

A development site located at 430 West Broadway in SoHo was involved in a recent closed transaction. The property, owned by Jody Laboz, Albert Laboz, and Jason Laboz of United American Land, attracted a loan amount of $40,000,000 from Goldman Sachs.

Summary of transaction details

The loan from Goldman Sachs played a crucial role in the acquisition of the development site at 430 West Broadway in SoHo. Jody Laboz, Albert Laboz, and Jason Laboz, representing United American Land, successfully secured the loan to facilitate the future development of the property.

Players

Goldman Sachs
Goldman SachsLender

Albert Laboz

United American Land

Landlord

$323.8M

vol

11 deals

Landlord

New York Development Site Market Snapshot

Boundary boundary · Development Site · Loan transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.40%

Cash-on-Cash

-0.11%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93