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857 Broadway

Trans World Equities Refinances 857 Broadway Retail Property In Flatiron District For $11.8M
FINANCEDRetail

Trans World Equities Refinances 857 Broadway Retail Property In Flatiron District For $11.8M

857 Broadway

$11,800,000

$1,014/SF

Building Size

11,636 SF

Asset Type

Retail

Closing

Jun 27, 2025

AI

The property asset involved in the transaction is a retail building located at 857 Broadway in the Flatiron District of Manhattan. It consists of 11,636 square feet of space and has undergone a refinancing with a loan amount of $11,800,000.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: $11,800,000
  • Asset Address: 857 Broadway
  • Market: Flatiron District, Manhattan
  • Loan Type: Refinance
  • Lender: Bank of America
  • Landlord: Richard E. Carroll - Trans World Equities

The refinancing of the retail and office building at 857 Broadway was executed by Trans World Equities, led by landlord Richard E. Carroll. The transaction involved Bank of America as the lender, facilitating the refinancing process for this property in Manhattan's Flatiron District.

Players

Bank of America
Bank of AmericaLender

Richard Carroll

Transworld Equities

Landlord

$29.1M

vol

4 deals

Landlord

Brooklyn Retail Market Snapshot

Boundary boundary · Retail · Loan transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

1.34%

Cash-on-Cash

-0.38%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93