JPMorgan Chase Bank Loans $15M For Retail Condo At 350 W. Broadway SoHo
350 West Broadway, Manhattan, New York, NY, USA
$15,000,000
$1,349/SF
Building Size
11,114 SF
Asset Type
Mixed-use
Closing
Nov 23, 2020
About this deal
AI
A retail condo located at 350 W. Broadway in the SoHo market has recently been involved in a closed transaction. The deal was facilitated by JPMorgan Chase Bank, who provided a loan of $15,000,000. The retail condo spans across 11,114 square feet.
Summary of transation details
- Property Type: Retail condo
- Transaction Amount: $15,000,000
- Address: 350 W. Broadway
- Market: SoHo
In this deal, the landlord of the retail condo is Thor Equities. The tenant involved in the transaction is Amazon Web Services Startup Loft.
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
1.06%
Cash-on-Cash
-0.30%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93