Updated Oct 24, 2025
Jonathan Ofer Of Global Holdings Management Group Refinances 123-Unit Multifamily At 1841 Broadway For $190M
1841 Broadway
$190,000,000
$1,030/SF
Building Size
184,411 SF
Asset Type
MultiFamily
Closing
Oct 9, 2025
About this deal
AI
The asset involved in the transaction is a multifamily property located at 1841 Broadway in Lincoln Square, Manhattan. The total square footage of the property is 184,411. The refinancing loan secured for this property amounts to $190 million.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $190,000,000
- Address: 1841 Broadway
- Market: Lincoln Square, Manhattan
- Lender: J.P. Morgan Chase
- Landlord: Jonathan Ofer - Global Holdings Management Group
- Loan Type: Refinance
Global Holdings Management Group undertook this refinancing to replace the prior debt from Wells Fargo, indicating strategic financial management in maintaining their 123-unit residential building at the specified address.
Players
New York MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.08%
Cash-on-Cash
-0.02%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93