Juda Chetrit Of Chetrit Organization Secures $55 Million Loan For 1384 Broadway In Midtown Manhattan
1384 Broadway
$55,000,000
$269/SF
Building Size
204,034 SF
Asset Type
Office
Closing
Oct 30, 2026
About this deal
AI
An office building located at 1384 Broadway in Midtown Manhattan has a total square footage of 204,034. The property is involved in a recapitalization transaction with a loan amount of $55 million secured by the Chetrit Organization. The lender facilitating this transaction is Maxim Capital Group.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $55,000,000
- Address: 1384 Broadway
- Market: Midtown Manhattan
- Lender: Maxim Capital Group
- Landlord: Juda Chetrit - Chetrit Organization
- Loan Type: Recapitalization
The recapitalization loan was secured by Juda Chetrit representing the Chetrit Organization, highlighting the involvement of key local stakeholders in the transaction. Maxim Capital Group plays a crucial role as the lender in facilitating this financial arrangement.
On the Map
$55,000,000
$269/SF
Office
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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
0.29%
Cash-on-Cash
-0.08%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93