Goldman Sachs Provides $60M Refinance Loan For Retail Property At 400 West 14th Street In New York City, With Brokers From Newmark Involved
400 West 14th Street
$60,000,000
$6,000/SF
Building Size
10,000 SF
Asset Type
Retail
Closing
Apr 28, 2023
About this deal
AI
The retail property located at 400 West 14th Street in New York City recently underwent a loan transaction for refinancing purposes. The property spans across 10,000 square feet, making it a sizable asset in the market.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $60,000,000
- Lender: Goldman Sachs - David Solomon
- Landlord: CircleF - Gary Feldman, Rockfeld Group - Steven Feldman & Kering - Francois-Henri Pinault
- Brokers: Jordan Roeschlaub, Dustin Stolly & Daniel Fromm - Newmark
The loan transaction was facilitated by Goldman Sachs, with David Solomon representing the lender. The property is jointly owned by CircleF, led by Gary Feldman, Rockfeld Group, headed by Steven Feldman, and Kering, led by Francois-Henri Pinault. The brokers overseeing the deal were Jordan Roeschlaub, Dustin Stolly, and Daniel Fromm from Newmark.
Players
Market 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
0.26%
Cash-on-Cash
-0.08%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93