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449 Broadway

Israel Discount Bank Lends $9 Million To 449 Broadway LLC For SoHo Office Property
FINANCEDOffice

Israel Discount Bank Lends $9 Million To 449 Broadway LLC For SoHo Office Property

449 Broadway

$9,000,000

Building Size

Asset Type

Office

Closing

Dec 1, 2025

AI

The property involved in this transaction is an office asset located at 449 Broadway in the SoHo market. The loan amount secured for this property is $9,000,000. The owner of the asset is 449 Broadway, LLC, which is part of United American Land.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: $9,000,000
  • Lender: Israel Discount Bank
  • Landlord: 449 Broadway, LLC
  • Address: 449 Broadway
  • Market: SoHo

The financing transaction was facilitated by Israel Discount Bank of New York, which issued the mortgage to the landlord, 449 Broadway, LLC. This deal reflects the engagement between the lender and the owner regarding the office and retail space at the specified address.

Players

Israel Discount Bank
Israel Discount Bank Lender

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

1.76%

Cash-on-Cash

-0.50%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93