DekaBank Provides $27,775,000 Loan To Spear Street Capital For 76 8th Avenue Acquisition
76 8th Avenue
$27,775,000
Building Size
—
Asset Type
Office
Closing
Apr 9, 2026
About this deal
AI
The property asset involved in the transaction is located at 76 8th Avenue in the Meatpacking District. It includes office and retail spaces and is backed by a loan amount of $27,775,000 provided for acquisition purposes.
Summary of transaction details:
- Property Type: Office & Retail
- Transaction Amount: $27,775,000
- Lender: DekaBank
- Landlord: Spear Street Capital
- Brokers: Aaron Niedermayer, Peter Rotchford & Christopher Pratt - JLL
Key individuals in this transaction include Aaron Niedermayer, Peter Rotchford, and Christopher Pratt, all representing JLL. They played integral roles in facilitating this loan arrangement for the acquisition of the property.
On the Map
$27,775,000
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
0.57%
Cash-on-Cash
-0.16%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93