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Roey Realty completes $28,0...

Updated Dec 4, 2023

Esti Broyde's Mixed-Use Property In NYC Refinanced With $28M Loan From Roey Realty
FINANCEDMixed-use

Esti Broyde's Mixed-Use Property In NYC Refinanced With $28M Loan From Roey Realty

$28,000,000

$424/SF

Building Size

66,000 SF

Asset Type

Mixed-use

Closing

Jul 6, 2023

About this deal

AI

The mixed-use property located in New York City, with a total square footage of 66,000, was involved in a loan transaction. The loan was facilitated by Roey Realty and the borrower was Esti Broyde, who also serves as the landlord of the property.

Summary of transaction details

  • Property Type: Mixed-Use
  • Transaction Amount: $28,000,000
  • Market: New York City
  • Lender: Roey Realty
  • Landlord: Esti Broyde
  • Broker: Roey Realty
  • Loan Type: Refinance
  • Loan Terms: 200 over 5-year treasury, 70% LTV

The loan amount for this transaction was $28,000,000. The loan type was a refinance, with loan terms set at 200 basis points over the 5-year treasury. The loan-to-value (LTV) ratio was 70%. Roey Realty, acting as the lender, facilitated the loan process. Esti Broyde, who also serves as the landlord, was the borrower in this transaction.

Players

Roey Realty
Roey RealtyLender

Market Mixed-use Market Snapshot

Boundary boundary · Mixed-use · Loan transactions

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Deal FAQ

About $424 per square foot on a published $28M for 66,000 square feet (2023).

Browse New York mixed use loans on Traded.

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.57%

Cash-on-Cash

-0.16%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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