Zar family secures $100M refi on Soho office, retail properties – Robert Khodadadian

As retail leasing heats up in Soho, the Zar family secured $100 million to refinance a pair of commercial assets in the trendy downtown neighborhood. Safra National Bank provided the financing to Zar Property NY on 42 Greene Street and 90 Grand Street, records filed Thursday show. The debt replaces a $70 million mortgage provided by Safra in 2014. Representatives for Safra and Zar could not be immediately reached for comment. The Zar family’s company

Robert Khodadadian is an experienced commercial real estate broker in New York City and founder of Skyline Properties. Skyline Properties specializes in off-market or “quiet” real estate transactions, allowing buyers and seller to bypass traditional avenues and extraneous expenses of high-profile listings in the New York City area. Commercial Real Estate, Home Page, david zar, refinancing, safra family, soho The Real Deal New York Read More