Haim Kedmi borrows $15M from Starwood Mortgage Capital for mixed-use property in Tribeca

Haim Kedmi through the entity Kedzkidz Realty LLC as borrower signed a loan agreement with lender Starwood Mortgage Capital LLC valued at $15.1 million for 1 parcel, including the tax class retail building with apartments above (K4) at 404 Broadway in Tribeca. The deal closed on January 3, 2020 and was recorded on January 6, 2020.
The property contains a total of 12,834 square feet of built space. The property has 26,274 square feet of available development rights.
The average loan per buildable square foot is $575.
The last time the property sold was November 10, 2010, for $4,250,000.
The DOB issued a major alteration (A1) initial temporary certificate of occupancy for the building on September 23, 2015.
Over the past five years, there have been 6 NYC Department of Buildings permit applications filed for this parcel valued at more than $20,000. There were 6 renovation/alteration projects (A2) applied for with a total estimated value of $560,600.
Direct link to Acris document. link
Direct link to the city’s interactive property map, ZOLA. link