FINANCEDDevelopment Site
Hiwin Group USA Secures $40 Million Loan From Cathay Bank For Development Site In Flatiron District
31 West 14th Street
Building Size
—
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