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104 West 145th Street

Steven Neuman Of Coltown Equities Secures $25.8 Million Refinance Loan For Development Site In Manhattan
FINANCEDDevelopment Site

Steven Neuman Of Coltown Equities Secures $25.8 Million Refinance Loan For Development Site In Manhattan

104 West 145th Street

$25,800,000

Building Size

Asset Type

Development Site

Closing

Oct 9, 2025

AI

The property asset involved in the transaction is a development site located at 104 West 145th Street in the Manhattan market. The asset has a buildable square footage of 935,000 and is associated with a refinancing loan amounting to $25,800,000, with a loan per buildable square foot calculated at $27.5.

Summary of transaction details:

The key individuals and companies involved in this transaction include the lenders Nir Mor, Isaac Abraham, and Rami Ben Yehuda from Hanover Capital NY, who facilitated the refinancing. Steven Neuman from Coltown Equities serves as the landlord for the property, while the brokers representing the transaction are Isaac Filler, Steven Edelstein, and Yossi Koschitzki from Filler Capital.

Players

Isaac Filler

Filler Capital

Broker

$1.7B

vol

77 deals

Broker
Filler Capital
Filler CapitalBrokerage

Steven Neuman

Landlord

$107.9M

vol

6 deals

Landlord

New York Development Site Market Snapshot

Boundary boundary · Development Site · Loan transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.61%

Cash-on-Cash

-0.18%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93