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Cord Ernst And Aaron Bothner Of Pamera North America Acquire Mixed-Use Property At 640 Broadway For $30.5M

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FINANCED
$30,500,000
John Flynn
Michael Gigliotti
David Gleitman
+ 2

New York

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Mixed-use53,439 SF
Financed 09/05/2025
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Property Image
FINANCED

Cord Ernst And Aaron Bothner Of Pamera North America Acquire Mixed-Use Property At 640 Broadway For $30.5M

640 Broadway

See Similar Deals
Mixed-use53,439 SF
Financed 09/05/2025
John Flynn
Michael Gigliotti
David Gleitman
+ 2
the dealplayerscompscontact
Contact now

Summary

NEW YORK
Asset Type:Mixed-use
Price Per Square Foot:$570
Total Square Footage:53,439 SF
Transaction Type:Loan

The property asset involved in this transaction is a mixed-use building located at 640 Broadway in the NoHo market. The building encompasses a total area of 53,439 square feet, which includes 21 residential units and ground floor retail space that fronts Bleecker and Broadway.

Summary of transaction details:

The key individuals involved in this transaction include the borrower team from Pamera North America, represented by Cord Ernst and Aaron Bothner, as well as the Targo Capital Partners team comprising David Gleitman and Adam Basuljevic. The lending was conducted on behalf of Citi Private Bank.

Players

Michael Gigliotti
JLL
Michael Gigliotti
19 deals$3.7B volume
BROKER
John Flynn
JLL
John Flynn
20 deals$1.1B volume
BROKER
Stephen Van Leer
JLL
Stephen Van Leer
17 deals$1.2B volume(516) 661-0102
BROKER
JLL
JLL
BROKERAGE
TP
TARGO Capital Partners
BROKERAGE
David Gleitman
David Gleitman
12 deals$243.6M volume
LANDLORD
AB
Adam Basuljevic
9 deals$201.1M volume
LANDLORD

Details

FINANCED
IMAGE: Cord Ernst, Aaron Bothner, David Gleitman, Adam Basuljevic, Michael Gigliotti, John Flynn & Stephen Van Leer DATE: 9/5/2025 ADDRESS: 640 Broadway MARKET: NoHo ASSET TYPE: Mixed-use, Multi-Housing & Retail ~ SF: 53,439 ~ UNITS: 21 LENDER: Citi Private Bank LANDLORD: Cord Ernst & Aaron Bothner (@Aboth24) - Pamera North America & David Gleitman (@DavidGleitman) & Adam Basuljevic (@AdamBasuljevic) - TARGO Capital Partners (@TargoCP) BROKERS: Michael Gigliotti, Stephen Van Leer & John Flynn - JLL (@JLL) LOAN AMOUNT: $30,500,000 LOAN TYPE: Acquisition NOTE FROM BROKER: The property involved in this transaction is a mixed-use asset located at 640 Broadway in the NoHo market. The building totals 53,439 square feet, comprised of 21 residential units over ground floor retail that fronts Bleecker and Broadway. Parties: Key individuals involved in this deal, which was done at acquisition of the property [LINK], are the borrower team of Pamera North America (Cord Ernst and Aaron Bothner) and Targo Capital Partners (David Gleitman and Adam Basuljevic) and lenders on behalf of Citi Private Bank.

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$30,500,000.00

Monthly NOI$203,333.33
Monthly Debt Service$192,780.75
Change in Cash Flow$0.00
Refinance Proceeds$0.00