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233 Broadway

Witkoff Group Secures $301.6 Million Loan From Wells Fargo For 233 Broadway Office In NYC
FINANCEDOffice

Witkoff Group Secures $301.6 Million Loan From Wells Fargo For 233 Broadway Office In NYC

233 Broadway

$301,600,000

Building Size

Asset Type

Office

Closing

Mar 24, 2025

AI

The asset involved in this transaction is an office property located at 233 Broadway in New York City. The loan amount secured for this property is $301,600,000.00, facilitated by the lender Wells Fargo. The landlord associated with this asset is Witkoff Group.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: $301,600,000.00
  • Address: 233 Broadway
  • Market: New York City
  • Lender: Wells Fargo
  • Landlord: Witkoff Group

This transaction involves key individuals and entities, with Wells Fargo providing the financing necessary to support the acquisition of the property. The landlord, Witkoff Group, plays a significant role in managing the property. The transaction is set within the dynamic market of New York City, indicating the strategic importance of this location for office assets.

Players

Wells Fargo
Wells FargoLender

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

-0.02%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93