$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
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