ZG Capital Partners Acquires Office In Union Square For $37.5M With Ladder Capital Loan
836 Broadway, Union Square, New York, NY, USA
$37,500,000
$468/SF
Building Size
80,000 SF
Asset Type
Office
Closing
Dec 8, 2021
About this deal
AI
The property asset involved in the transaction is an office building located at 836 Broadway in the Union Square market. The asset spans a total square footage of 80,000 and is associated with a loan amount of $37,500,000, categorized as an acquisition loan.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $37,500,000
- Address: 836 Broadway
- Market: Union Square
- Asset Size: 80,000 SF
- Lender: Ladder Capital
- Landlord: ZG Capital Partners
- Landlord Representatives: James Tamborlane & Bobby Zar
- Brokers: Dustin Stolly, Jordan Roeschlaub & Daniel Fromm - Newmark
The key individuals involved in the deal include representatives from ZG Capital Partners, specifically James Tamborlane and Bobby Zar. The brokering team from Newmark consists of Dustin Stolly, Jordan Roeschlaub, and Daniel Fromm, facilitating the acquisition loan transaction.
On the Map
$37,500,000
$468/SF
Office
View full map
Players
New York Office Market Snapshot
Boundary boundary · Office · Loan transactions
Loading comparables…
Deal FAQ
Visit Dustin Stolly to view all their deals.
Browse New York office loans on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.42%
Cash-on-Cash
-0.12%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93