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
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