KPG Funds Refinances Soho Office Building For $64M Loan
446 Broadway, New York City, New York 10013, United States
$64,000,000
$1,066/SF
Building Size
60,000 SF
Asset Type
Office
Closing
Mar 6, 2022
About this deal
AI
The property involved in this transaction is an office space located at 446 Broadway in the Soho market. The property spans approximately 60,000 square feet.
Summary of transaction details
- Property Type: Office
- Transaction Amount: $64,000,000
- Lender: Ladder Capital & Heitman
- Landlord: KPG Funds
- Brokers: Dustin Stolly, Jordan Roeschlaub, Daniel Fromm, and Nick Scribani - Newmark
- Loan Type: Refinance
The key individuals involved in this transaction include Jordan Roeschlaub, Dustin Stolly, Rod Kritsberg, Daniel Fromm, Gregory Kraut, and Nick Scribani. They represented the parties in this deal, with Dustin Stolly, Jordan Roeschlaub, Daniel Fromm, and Nick Scribani acting as brokers from Newmark. The loan for this transaction was provided by Ladder Capital and Heitman, while KPG Funds served as the landlord.
Players
New York Office Market Snapshot
Boundary boundary · Office · Loan transactions
Loading comparables…
Deal FAQ
Visit Dustin Stolly to view all their deals.
Browse New York office loans on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.25%
Cash-on-Cash
-0.07%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93