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79 Walker Street

Joshua Caspi Of Caspi Development Refinances 79 Walker Street Retail Building With Rialto Capital For $14.2M
FINANCEDRetail

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

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.

Players

Jeff Krasnoff

Lender

$427.5M

vol

10 deals

Lender
Rialto Capital Management
Rialto Capital ManagementLender

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