FINANCEDMixed-use
Bobby Cayre Of Aurora Capital Associates And Steven Roth Of Vornado Realty Trust Secure $161M Refinance Loan
61 Ninth Avenue
$161,000,000
Building Size
—
Asset Type
Mixed-use
Closing
May 10, 2026
About this deal
AI
The property asset involved in this transaction is a mixed-use development located at 61 Ninth Avenue in the Meatpacking District. The loan amount for the refinance is $161,000,000.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $161,000,000
- Lender: UBS
- Landlord: Bobby Cayre - Aurora Capital Associates & Steven Roth - Vornado Realty Trust
- Brokers: Aaron Appel, Dustin Stolly, Jonathan Schwartz, Keith Kurland, Adam Schwartz, Jordan Casella & Stanley Cayre - Walker & Dunlop
- Loan Type: Refinance
On the Map
$161,000,000
Mixed-use
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Players
UBSLender
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
0.10%
Cash-on-Cash
-0.03%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93