Conti Family Secures $4,900,000 Bridge Loan For Mixed-Use Property In Soho, Manhattan
422 West Broadway
$4,900,000
$490/SF
Building Size
10,000 SF
Asset Type
Mixed-use
Closing
Sep 23, 2026
About this deal
AI
The property asset involved in the transaction is a mixed-use building located at 422 West Broadway in the Soho market of Manhattan. The asset spans a total of 10,000 square feet and is associated with a loan amount of $4,900,000. The lender for this transaction is Jonnie Haber from Hirshmark Capital.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $4,900,000
- Lender: Jonnie Haber - Hirshmark Capital
- Borrower: Conti Family
- Loan Type: Bridge
- Date of Transaction: 09/23/2026
This transaction involves Jonnie Haber acting as the lender from Hirshmark Capital, representing the financial interests in the loan agreement, while the borrower is identified as the Conti Family, who will utilize the funds for upcoming developments in the specified property.
On the Map
$4,900,000
$490/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
3.24%
Cash-on-Cash
-0.93%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93