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
Market 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
0.57%
Cash-on-Cash
-0.16%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93