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:
- Property Type: Development Site
- Transaction Amount: $25,800,000
- Address: 104 West 145th Street
- Market: Manhattan
- Asset Type: Development Site
- BSF: 935,000
- Lender: Nir Mor, Isaac Abraham & Rami Ben Yehuda - Hanover Capital NY
- Landlord: Steven Neuman - Coltown Equities
- Brokers: Isaac Filler, Steven Edelstein & Yossi Koschitzki - Filler Capital
- Loan Type: Refinance
- LPBSF: $27.5
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
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