Aurora Capital Associates And Allied Partners Secure $200 Million Refinance For 568 Broadway Office In SoHo
568 Broadway
$200,000,000
$698/SF
Building Size
286,250 SF
Asset Type
Office
Closing
Oct 2, 2026
About this deal
AI
The asset involved in the transaction is an office building located at 568 Broadway in SoHo, Manhattan. The building comprises 286,250 square feet and has undergone a refinancing transaction. The loan amount secured for this property is $200,000,000 from Acore Capital.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $200,000,000
- Address: 568 Broadway
- Market: SoHo, Manhattan
- Lender: Acore Capital
- Landlord: Robert Cayre - Aurora Capital Associates
- Landlord: Eric Hadar - Allied Partners
- Loan Type: Refinance
Robert Cayre represents Aurora Capital Associates, while Eric Hadar represents Allied Partners in this refinancing deal. The refinancing replaces the existing debt held by bondholders of Series 2012-CCRE4 and Rialto Management Group.
On the Map
$200,000,000
$698/SF
Office
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Players
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.08%
Cash-on-Cash
-0.02%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93