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85 West Broadway

Capstone Equities And Republic Investment Company Secure $36.5 Million Loan For Tribeca Hotel
FINANCEDHotel

Capstone Equities And Republic Investment Company Secure $36.5 Million Loan For Tribeca Hotel

85 West Broadway

$36,000,000

Building Size

Asset Type

Hotel

Closing

Jul 31, 2025

AI

The asset involved in this transaction is a hotel located at 85 West Broadway in the Tribeca market of Manhattan. The property has 100 keys and the loan amount secured for its acquisition is $36,500,000.

Summary of transaction details:

  • Property Type: Hotel
  • Transaction Amount: $36,500,000
  • Lender: BH3 Management
  • Landlord: Capstone Equities - Joshua Zamir & Republic Investment Company - Evan Nehmadi & Aaron Nehmadi
  • Landlord's Representative: Jonathan Aghravi, Luke Lopez & Noam Katz - JBA Equities
  • Date of Transaction: 8/1/2025

This deal features key representatives from the landlord side including Joshua Zamir and Evan Nehmadi from Capstone Equities, along with Aaron Nehmadi from Republic Investment Company. The landlord's representatives are Jonathan Aghravi, Luke Lopez, and Noam Katz, all associated with JBA Equities, who played a role in facilitating the transaction.

Players

Jonathan Aghravi

JBA Equities

Broker

$1.6B

vol

50 deals

Broker
BH3 Management
BH3 ManagementLender
Capstone Equities
Capstone EquitiesLandlord

New York Hotel Market Snapshot

Boundary boundary · Hotel · Loan transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.44%

Cash-on-Cash

-0.13%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93