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
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