Jerry Levy Of Imperial Sterling Secures $12 Million Acquisition Loan For Mixed-Use Property In Manhattan
1151 Broadway
$12,000,000
Building Size
—
Asset Type
Mixed-use
Closing
Apr 22, 2026
About this deal
AI
A mixed-use asset located at 1151-1153 Broadway in Manhattan is involved in a loan transaction. The property consists of retail and office spaces and has been acquired with a loan amount of $12,000,000. The loan is designated for acquisition purposes.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $12,000,000
- Lender: JP Morgan Chase
- Landlord: Jerry Levy - Imperial Sterling
- Broker: Brian Flax - Meridian Capital Group
- Loan Type: Acquisition
Brian Flax from Meridian Capital Group represented the transaction, successfully securing non-recourse, balance sheet financing for this acquisition. The property is located at the intersection of 28th and Broadway in the Nomad neighborhood, indicating its strategic position within the market.
On the Map
$12,000,000
Mixed-use
View full map
Players
New York Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Loan transactions
Loading comparables…
Deal FAQ
Browse New York mixed use loans on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.32%
Cash-on-Cash
-0.38%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93