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76 8th Avenue

DekaBank Provides $27,775,000 Loan To Spear Street Capital For 76 8th Avenue Acquisition
FINANCEDOffice

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

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:

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.

Players

Peter Rotchford

JLL

Broker

$8.9B

vol

63 deals

Broker
Spear Street Capital
Spear Street CapitalLandlord

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