Thor Equities Secures $36.65 Million Acquisition Loan From Argentic For 1165 Broadway In NoMad
1165 Broadway
$36,650,000
$631/SF
Building Size
58,000 SF
Asset Type
Mixed-use
Closing
Mar 25, 2026
About this deal
AI
The property asset involved is a mixed-use building located at 1165 Broadway in the NoMad neighborhood of Manhattan. The asset encompasses a total square footage of 58,000 and is part of a larger acquisition valued at $36,650,000.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $36,650,000
- Lender: Argentic
- Landlord: Thor Equities
- Landlord's Representative: Robert Verrone & Anthony D’Amelio - Iron Hound Management Company
- Date of Transaction: 3/26/2026
The deal involved key individuals such as Doug Tiesi, Joe Sitt, and Loren Berger, who played significant roles in facilitating the transaction. Their contributions were integral to the successful acquisition of the property under the management of Thor Equities.
On the Map
$36,650,000
$631/SF
Mixed-use
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Players
New York Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.43%
Cash-on-Cash
-0.12%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93