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600 Broadway

Citi Bank Provides $58 Million Refinance Loan For Aurora Capital Associates Mixed-Use Property In SoHo
FINANCEDMixed-use

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

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.

Players

Aaron Appel

Walker & Dunlop

Broker

$32.9B

vol

196 deals

Broker
CB
Citi BankLender
Aurora Capital Associates
Aurora Capital AssociatesLandlord

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