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520 Broadway

Jonathan Neff Of Barings Provides $230M Refinance Loan To John Kukral Of Northwood Investors For Office In Soho
FINANCEDOffice

Jonathan Neff Of Barings Provides $230M Refinance Loan To John Kukral Of Northwood Investors For Office In Soho

520 Broadway

$230,000,000

$980/SF

Building Size

234,680 SF

Asset Type

Office

Closing

Sep 3, 2025

AI

The asset involved is an office property located at 520 Broadway in Soho, encompassing a total square footage of 234,680. This transaction involves a refinance loan amounting to $230,000,000.

Summary of transaction details:

The refinancing transaction demonstrates the collaboration among key players, with Jonathan Neff representing Barings as the lender, while Jordan Roeschlaub and Nick Scribani represent the landlord, John Kukral of Northwood Investors, through Newmark.

Players

Nick Scribani

Newmark

Broker

$55.4B

vol

195 deals

Broker
Newmark
NewmarkBrokerage
Barings
BaringsLender
Barings
BaringsLender

John Kukral

Northwood Investors

Landlord

$466.6M

vol

6 deals

Landlord
Northwood Investors
Northwood InvestorsLandlord

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

0.07%

Cash-on-Cash

-0.02%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93