FINANCEDDevelopment Site
Hiwin Group USA Secures $40 Million Loan From Cathay Bank For Development Site In Flatiron District
31 West 14th Street
Units
55
Asset Type
Development Site
Closing
Apr 27, 2026
AI
No summary available.
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
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93