ZG Capital Partners Secures $66.5 Million Refinance Loan From JP Morgan For 838 Broadway
838 Broadway
$66,500,000
$730/SF
Building Size
91,000 SF
Asset Type
Office
Closing
Sep 18, 2026
About this deal
AI
The property asset involved in this transaction is an office building located at 838 Broadway in the Union Square market. The building comprises a total of 91,000 square feet and is part of a refinance deal with a loan amount of $66,500,000. The lender for this transaction is JP Morgan.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $66,500,000
- Address: 838 Broadway
- Market: Union Square
- Asset Size: 91,000 SF
- Lender: JP Morgan
- Borrower: Bobby Zar & James Tamborlane - ZG Capital Partners
- Brokers: Daniel Fromm, Jack Fenton & Tim Polglase - Newmark
The key individuals involved in this refinancing deal include Bobby Zar and James Tamborlane representing ZG Capital Partners as the borrowers. The brokerage team facilitating the transaction consists of Daniel Fromm, Jack Fenton, and Tim Polglase from Newmark.
On the Map
$66,500,000
$730/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
0.24%
Cash-on-Cash
-0.07%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93