Updated Oct 28, 2024
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
About this deal
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
- Property Type: Development Site
- Transaction Amount: $40,000,000
- Address: 430 West Broadway
- Market: SoHo
- Landlord: Jody Laboz, Albert Laboz, and Jason Laboz - United American Land
- Lender: Goldman Sachs
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.
On the Map
$40,000,000
$5,524/SF
Development Site
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Players
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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