Citi Bank Provides $58 Million Refinance Loan For Aurora Capital Associates Mixed-Use Property In SoHo
600 Broadway
$58,000,000
$656/SF
Building Size
88,400 SF
Asset Type
Mixed-use
Closing
Jan 4, 2026
About this deal
AI
The property is a mixed-use asset located at 600 Broadway in SoHo, Manhattan. It encompasses a total square footage of 88,400 and is involved in a refinance transaction amounting to $58,000,000.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $58,000,000
- Loan Type: Refinance
- Lender: Joseph Dyckman - Citi Bank
- Landlord: Robert Cayre - Aurora Capital Associates
- Brokers: Aaron Appel, Dustin Stolly, Jonathan Schwartz, Stanley Cayre, Michael Brown, Keith Kurland & Adam Schwartz - Walker & Dunlop
The transaction features a collaboration of several brokers from Walker & Dunlop, highlighting their roles in facilitating this refinance deal. Joseph Dyckman from Citi Bank serves as the lender, while Robert Cayre from Aurora Capital Associates acts as the landlord.
On the Map
$58,000,000
$656/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
0.27%
Cash-on-Cash
-0.08%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93