Société Générale Provides $75M Loan For Mixed-Use Property In SoHo
606 Broadway, Hastings-On-Hudson, NY 10706, USA
$75,000,000
$81,521/SF
Building Size
920 SF
Asset Type
Mixed-use
Closing
Nov 29, 2020
About this deal
AI
The mixed-use property located at 606 Broadway in SoHo was involved in a closed transaction. The property is owned by Madison Capital and Vornado Realty Trust, who also serve as the landlords. The transaction was facilitated by Newmark Knight Frank, with Dustin Stolly and Jordan Roeschlaub representing the brokerage. The loan amount for the transaction was $75,000,000, provided by Société Générale.
Summary of transaction details
- Property Type: Mixed-use
- Transaction Amount: $75,000,000
- Address: 606 Broadway
- Market: SoHo
Dustin Stolly and Jordan Roeschlaub from Newmark Knight Frank played a crucial role as the brokers in this transaction. The deal involved the collaboration of Madison Capital, Vornado Realty Trust, and Société Générale, with Stolly and Roeschlaub representing the interests of the parties involved.
Players
Hastings On Hudson 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
0.21%
Cash-on-Cash
-0.06%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93