Updated Aug 18, 2026
Antonio Vendome Of Vendome Property Management Co Secures $40.5M Refinance Loan In Manhattan
30 Grand Street, 558 Broome Street & 38 Grand Street
$40,500,000
$591/SF
Building Size
68,484 SF
Asset Type
MultiFamily
Closing
Aug 17, 2026
About this deal
AI
The transaction involves the refinancing of eight Manhattan residential properties located at 30 Grand Street, 558 Broome Street, and 38 Grand Street. The asset type is MultiFamily, encompassing a total square footage of 68,484 and consisting of 76 units, situated within the Manhattan market.
Summary of transation details:
- Property Type: MultiFamily
- Transaction Amount: $40,500,000
- Lender: Principal Real Estate Investors
- Landlord: Antonio Vendome - Vendome Property Management Co
- Loan Type: Refinance
- Number of Units: 90
- Location Coverage: SoHo and Hudson Square assets
The refinancing was executed through Principal Life Insurance Company, highlighting the collaboration between Vendome Property Management and Principal Real Estate Investors for financing residential properties in a key New York City area.
On the Map
$40,500,000
$591/SF
MultiFamily
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Players
Grant 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
0.39%
Cash-on-Cash
-0.11%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93