Haymes Investment Company Secures $9.2M Refinance Loan From John Hancock Life Insurance For Retail Asset
2473 2475 Broadway
$9,200,000
Building Size
—
Asset Type
Retail
Closing
Jan 22, 2026
AI
The property asset involved in this transaction is a retail building located at 2473-2475 Broadway in the Upper West Side market. The loan amount secured for refinancing the property is $9,200,000. The asset reflects a significant transaction in a prominent urban area.
Summary of transation details:
- Property Type: Retail
- Transaction Amount: $9,200,000
- Lender: John Hancock Life Insurance Company
- Landlord: Stephen D. Haymes - Haymes Investment Company
- Loan Type: Refinance
- Date of Loan Closure: 01/22/2026
- Recorded Date: 02/03/2026
This deal features Haymes Investment Company, represented by Haymes Broadway LLC, as the entity that refinanced the retail building. The loan from John Hancock Life Insurance Company marks a strategic financial move within a valuable market segment.
Players
New York Retail Market Snapshot
Boundary boundary · Retail · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.72%
Cash-on-Cash
-0.49%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93