Albert Malekan borrows $23M from SKW, Bain for property in Soho

Albert Malekan through the entity 466-26 Soho LLC as borrower signed a loan agreement with lenders SKW Funding and Bain Capital Credit through the entity SKW-B Acquisitions Seller C, LLC valued at $22.9 million for 1 parcel, including the tax class office building with commercial with one to six stories (O5) at 468 Broome Street in Soho. The deal closed on March 1, 2021 and was recorded on March 19, 2021.
The property contains a total of 23,823 square feet of built space. The property has 23,823 square feet of available development rights.
The average loan per buildable square foot is $963.
The last time the property sold was April 11, 2007 for $19,500,000.

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