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366 West Broadway

$12.5 Million Refinance Loan Secured By Simon Rosenfeld & Zachary Grossman For Mixed-use Asset In Soho
FINANCEDMixed-use

$12.5 Million Refinance Loan Secured By Simon Rosenfeld & Zachary Grossman For Mixed-use Asset In Soho

366 West Broadway

$12,500,000

$2,500/SF

Building Size

5,000 SF

Asset Type

Mixed-use

Closing

Jun 17, 2025

AI

The asset involved in this transaction is a mixed-use property located at 366 West Broadway in the Soho market of Manhattan. The total square footage of the property is 5,000. A refinance loan was obtained for this asset.

Summary of transaction details:

  • Property Type: Mixed-use
  • Transaction Amount: $12,500,000
  • Loan Type: Refinance
  • All-in Rate: 6.37%
  • Term: 5-Years
  • Interest-Only Period: 3 Years
  • Amortization Period: 30-Year
  • Brokers: Simon Rosenfeld & Zachary Grossman - Meridian Capital Group

Simon Rosenfeld serves as the Senior Vice President at Meridian Capital Group and can be contacted at 212-612-0110 or via email at [email protected]. Zachary Grossman, an Analyst at the same firm, is reachable at 212-448-1008 or [email protected].

Players

Simon Rosenfeld

Meridian Capital Group

Broker

$667.9M

vol

18 deals

Broker

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

1.27%

Cash-on-Cash

-0.36%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93