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291 Broadway

William Macklowe Company Secures $33M Acquisition Loan For Office Building At 291 Broadway
FINANCEDOffice

William Macklowe Company Secures $33M Acquisition Loan For Office Building At 291 Broadway

291 Broadway

$33,000,000

Building Size

Asset Type

Office

Closing

Dec 26, 2025

AI

The property involved in this transaction is 291 Broadway, a historic office building located in Tribeca, Manhattan. The building encompasses a total square footage of 127,000 square feet and has been acquired with a loan amount of $33,000,000.

Summary of transaction details:

This transaction was facilitated by Ran Eliasaf of Northwind Group as the lender. The landlords, William Macklowe Company, have successfully secured the financing for the acquisition with the involvement of brokers Jordan Roeschlaub, Adam Spies, and Joshua King from Newmark, who played key roles in the deal's execution.

Players

Adam Spies
Verified Badge

Adam Spies

Newmark

Broker

$71.7B

vol

263 deals

Broker
Ran Eliasaf

Ran Eliasaf

Northwind Group

Lender

$2.2B

vol

17 deals

Lender
William Macklowe Company
William Macklowe CompanyLandlord

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

0.48%

Cash-on-Cash

-0.14%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93