Pro-H Group Secures $30 Million Acquisition Loan From Northwind Group For Land In Manhattan
110 East 16th Street
$30,000,000
Building Size
—
Asset Type
Land
Closing
Nov 5, 2026
About this deal
AI
The property involved in this transaction is a land asset located at 110 East 16th Street, in the Manhattan market. The loan amount for this acquisition is $30,000,000.
Summary of transaction details:
- Property Type: Land
- Transaction Amount: $30,000,000
- Lender: Northwind Group
- Borrower: Pro-H Group
- Broker: Robin Schneiderman - Brown Harris Stevens
This deal highlights key participants, including the lender Northwind Group and borrower Pro-H Group, with representation from broker Robin Schneiderman of Brown Harris Stevens, who facilitated the financing arrangement for the acquisition.
On the Map
$30,000,000
Land
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Players
New York Land Market Snapshot
Boundary boundary · Land · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.53%
Cash-on-Cash
-0.15%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93