Joshua Caspi Of Caspi Development Refinances 79 Walker Street Retail Building With Rialto Capital For $14.2M
79 Walker Street
$14,200,000
$575/SF
Building Size
24,672 SF
Asset Type
Retail
Closing
Sep 19, 2025
About this deal
AI
79 Walker Street is a retail asset located in Tribeca, Manhattan, comprising 24,672 square feet. The property has secured a refinancing loan in the amount of $14,200,000.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $14,200,000
- Address: 79 Walker Street
- Market: Tribeca, Manhattan
- Lender: Jeff Krasnoff - Rialto Capital
- Landlord: Joshua Caspi - Caspi Development
- Loan Type: Refinance
Jeff Krasnoff represents Rialto Capital in this transaction, while Joshua Caspi represents Caspi Development, the landlord for the property. The refinance replaces prior debt originally held by PNC Bank.
On the Map
$14,200,000
$575/SF
Retail
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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
1.12%
Cash-on-Cash
-0.32%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93