Israel Discount Bank Provides $30M Loan For Office And Mixed-Use Building In Soho
449 Broadway, Manhattan, New York, NY, USA
$30,000,000
$784/SF
Building Size
38,235 SF
Asset Type
Mixed-use
Closing
Jun 28, 2021
About this deal
AI
The property involved in this closed transaction is a mixed-use property located at 449 Broadway & 301 Canal Street in the Soho market. The property consists of office and retail space.
Summary of transaction details
- Property Type: Office & Mixed-use
- Transaction Amount: $30,000,000
- Square Footage: 38,235 SF
- Address: 449 Broadway & 301 Canal Street, Soho
The lender for this transaction was Israel Discount Bank, and the landlord is United American Land.
The mixed use loan at 449 Broadway, Manhattan, New York, NY, USA in New York, New York financed for $30M in 2021. The building is 38,235 square feet, implying about 784 per square foot on the published price. This page is the New York, New York file for the 449 Broadway, Manhattan, New York, NY, USA mixed use financed: pricing, party profiles, and other closed mixed use comps from the same New York sit in the Market section below. Filter that New York mixed use set by closing date to see what else financed near 449 Broadway, Manhattan, New York, NY, USA around 2021. Published consideration for 449 Broadway, Manhattan, New York, NY, USA is $30M, dated 2021. Cite this Israel Discount Bank Provides $30M Loan For Office And Mixed-Use Building In Soho loan when underwriting similar mixed use product around New York, New York.
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
0.53%
Cash-on-Cash
-0.15%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93