Davis Companies Secures $90M Refinance Loan From QuadReal Property Group For Industrial Asset In Chelsea
155 165 West 29th Street
$90,000,000
$641/SF
Building Size
140,351 SF
Asset Type
Industrial
Closing
Dec 3, 2025
AI
The asset involved in this transaction is an industrial property located at 155-165 West 29th Street in Chelsea, Manhattan, encompassing a total square footage of 140,351. The refinance loan secured for this property amounts to $90,000,000.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $90,000,000
- Address: 155-165 West 29th Street
- Market: Chelsea, Manhattan
- Lender: QuadReal Property Group
- Landlord: Stephen Davis - Davis Companies
- Loan Type: Refinance
The deal was facilitated by Davis Companies through its entity Div West 29th Street LLC, indicating a structured approach to managing financing for this property in the Chelsea market.
Players
New York Industrial Market Snapshot
Boundary boundary · Industrial · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.18%
Cash-on-Cash
-0.05%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93