Bank Hapoalim B.M. Provides $16.9M Loan For Office Condominium At 809 Broadway, West Village
809 Broadway, Manhattan, New York, NY, USA
$16,900,000
$639/SF
Building Size
26,429 SF
Asset Type
Office
Closing
Feb 17, 2021
About this deal
AI
An office condominium located at 809 Broadway in the West Village has been involved in a recent loan transaction. The loan amount of $16,900,000 was provided by Bank Hapoalim B.M. to the landlord, Ariel Rom. The property spans across 26,429 square feet.
Summary of transaction details
- Property Type: Office condominium
- Transaction Amount: $16,900,000
- Address: 809 Broadway
- Market: West Village
- Lender: Bank Hapoalim B.M.
- Landlord: Ariel Rom
- Square Footage: 26,429
The deal's key individuals involved in this loan transaction include the lender, Bank Hapoalim B.M., and the landlord, Ariel Rom.
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
0.94%
Cash-on-Cash
-0.27%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93