The Chetrit Organization Refinances FiDi Office Building At 26 Broadway For $330M With BMO, Starwood & HPS
26 Broadway, New York City, New York 10004, United States
$330,000,000
$392/SF
Building Size
840,000 SF
Asset Type
Office
Closing
Feb 3, 2022
AI
Located at 26 Broadway in the Financial District (FiDi), this office property spans 840,000 square feet. The property was recently involved in a refinancing deal.
Summary of transaction details
- Property Type: Office
- Transaction Amount: $330,000,000
- Lender: BMO, Starwood, and HPS
- Landlord: The Chetrit Organization - Jake Chetrit & Michael Chetrit
- Brokers: Robert Verrone & Anthony D'Amelio - Ironhound Management
The refinancing deal for this property was facilitated by lenders BMO, Starwood, and HPS. The Chetrit Organization, represented by Jake Chetrit and Michael Chetrit, is the landlord. The transaction was brokered by Robert Verrone and Anthony D'Amelio from Ironhound Management.
Players
New York Office Market Snapshot
Boundary boundary · Office · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.05%
Cash-on-Cash
-0.01%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93