Residential · New York City
55 Broad Street
—, New York City
Verified
sourcedmodeled1 of 6 sourced
Ownership & debt
Ownership chain & debt stack
Owner of record: Silverstein Properties and Metro Loft Management (joint venture).
5 recorded holders · 2 beneficial owners · chain resolves 2 levels, with each holder's interest percentage and class.
1 debt tranche on file — lender, principal, rate and maturity.
Financials
Financial model
Effective gross income, operating expenses, DSCR, cash-on-cash, mark-to-market and replacement cost — the income side of the underwrite.
Underwriting
Underwriting
Unlevered and levered IRR, equity multiple, exit math and a live sensitivity grid — built on the NOI, the debt stack and the rent roll above.
Provenance footnotes
- Current value: Single source — The Real Deal · https://therealdeal.com/new-york/2023/07/31/silverstein-and-metro-loft-close-on-55-broad-start-office-to-resi-conversion/ · observed 2023-07
- $/SF: Estimated — no sourced claim on file.
- GLA: Estimated — no sourced claim on file.
- Ownership — Silverstein Properties and Metro Loft Management (joint venture): Single source — silversteinproperties.com · https://www.silversteinproperties.com/news/silverstein-properties-and-metro-loft-mgmt-to-convert-410-000-s-f-office-building-to-residential-property-in-172-5m-acquisition
Modeled figures — LTV, debt yield, DSCR, cash-on-cash, occupancy, WALT, tenant concentration are derived arithmetic, not sourced claims. Not investment advice.
Anchoring begins when the asset enters the live ledger.