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RFR Holding LLC Secures $26.5 Million Refinance Loan From Citi For Retail Properties

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FINANCED
$26,500,000
Andrew Cohen
Max Herzog
+ 1

New York

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Retail30,854 SF
Financed 07/24/2025
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FINANCED

RFR Holding LLC Secures $26.5 Million Refinance Loan From Citi For Retail Properties

122 Greenwich Avenue & 1456 1st Avenue

See Similar Deals
Retail30,854 SF
Financed 07/24/2025
Andrew Cohen
Max Herzog
+ 1
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Summary

NEW YORK
Asset Type:Retail
Price Per Square Foot:$858
Total Square Footage:30,854 SF
Transaction Type:Loan

The assets involved in this transaction consist of two retail properties located at 122 Greenwich Avenue (One Jackson Square) and 1456 1st Avenue. The transaction encompasses a loan refinance amounting to $26,500,000 for a total square footage of 30,854 in the West Village and Upper East Side markets.

Summary of transaction details:

This refinancing deal showcases the involvement of significant industry players, with Gaby Rosen representing RFR Holding LLC as the sponsor. The lending institution, Citi, is represented by Joseph Dyckman and Jordan Korinis. Additionally, the transaction was advised by a team from Institutional Property Advisors, consisting of Max Hulsh, Max Herzog, Marko Kazanjian, and Andrew Cohen.

Players

BROKERAGE


71 deals$5.4B volume
ORIGINATOR

Max Herzog
Institutional Property Advisors
80 deals$5.4B volume(212) 430-5165
ORIGINATOR

Andrew Cohen
Institutional Property Advisors
43 deals$3B volume
ORIGINATOR

Maxwell (Max) Hulsh
Institutional Property Advisors
32 deals$2.8B volume(646) 549-3692
ORIGINATOR

Details

FINANCED
IMAGE: Max Hulsh, Max Herzog, Gaby Rosen, Marko Kazanjian & Andrew Cohen DATE: 7/24/2025 ADDRESS: 122 Greenwich Avenue (One Jackson Square) & 1456 1st Avenue MARKET: West Village & Upper East Side ASSET TYPE: Retail ~ SF: 30,854 LENDER: Citi - Joseph Dyckman & Jordan Korinis SPONSOR: RFR Holding LLC - Gaby Rosen ADVISORS: Max Hulsh (@MaxHulsh), Max Herzog, Marko Kazanjian & Andrew Cohen- Institutional Property Advisors (IPA) LOAN AMOUNT: $26,500,000 LOAN TYPE: Refinance

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$26,500,000.00

Monthly NOI$176,666.67
Monthly Debt Service$167,498.03
Change in Cash Flow$0.00
Refinance Proceeds$0.00