C2R Management Secures $12.68M Refinance Loan From JP Morgan Chase For Manhattan Mixed-Use Asset
1 Arden Street
$12,675,000
$191/SF
Building Size
66,056 SF
Asset Type
Mixed-use
Closing
Dec 15, 2025
AI
The asset involved in this transaction is a mixed-use property located at 1 Arden Street in Manhattan. It encompasses a total area of 66,056 square feet and consists of 87 units. The refinancing of this property is valued at $12,675,000, facilitated by JP Morgan Chase.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $12,675,000
- Address: 1 Arden Street
- Market: Manhattan
- Asset Size: 66,056 SF
- Units: 87
- Lender: JP Morgan Chase
- Landlord: C2R Management
- Brokers: Jake Kahn, Max Herzog & Marko Kazanjian - Marcus & Millichap / Institutional Property Advisors
- Loan Type: Refinance
The key individuals involved in the refinancing transaction include Jake Kahn, Max Herzog, and Marko Kazanjian, who are representatives from Marcus & Millichap and Institutional Property Advisors, working on behalf of C2R Management as the landlord.
Players
New York Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.25%
Cash-on-Cash
-0.36%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93