J.P. Morgan Chase Provides $66.5 Million Refinance Loan For Office Building Owned By ZG Capital Partners
836 Broadway & 838 Broadway
$66,500,000
$814/SF
Building Size
81,684 SF
Asset Type
Office
Closing
Sep 29, 2026
About this deal
AI
The asset involved in this transaction is an office building located at 836-838 Broadway in Manhattan’s Union Square. The building features a total square footage of 81,684. The refinancing loan provided by JPMorgan Chase amounts to $66,500,000.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $66,500,000
- Lender: J.P. Morgan Chase
- Landlord: Bobby Zar - ZG Capital Partners
- Previous Loan Amount: $28,860,000
- Previous Loan Year: 2024
This refinancing deal was orchestrated between notable individuals and companies. Bobby Zar represents ZG Capital Partners in the transaction, indicating his role as the landlord in this arrangement.
On the Map
$66,500,000
$814/SF
Office
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Players
Broadway 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
0.24%
Cash-on-Cash
-0.07%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93