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
About this deal
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:
- Property Type: Office
- Transaction Amount: $33,000,000
- Lender: Ran Eliasaf - Northwind Group
- Landlord: William Macklowe Company
- Broker Representatives: Jordan Roeschlaub, Adam Spies & Joshua King - Newmark
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.
On the Map
$33,000,000
Office
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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
0.48%
Cash-on-Cash
-0.14%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93