Seth Weissman, Haley Davis & Bean Secure $12.5M Loan For Retail/Office Asset In Midtown Manhattan
14 East 47th Street
$12,500,000
$431/SF
Building Size
29,000 SF
Asset Type
Mixed-use
Closing
Aug 3, 2026
About this deal
AI
The asset involved in this transaction is located at 14 East 47th Street in Midtown, Manhattan. This property consists of approximately 29,000 square feet and falls under the retail/office category. The loan amount secured for this acquisition is $12,500,000.
Summary of transaction details:
- Property Type: Retail/Office
- Transaction Amount: $12,500,000
- Address: 14 East 47th Street
- Market: Midtown, Manhattan
- Lender: Seth Weissman, Haley Davis & Bean - Urban Standard Capital
- Borrower's Broker: Michael Helmreich, Asher Spingarn & Jake Gluck - Fortune Capital Group
- Loan Type: Acquisition
- Loan was executed through USC’s Core Plus Financing Platform, rates starting at 7.25%.
Key individuals involved in this transaction include Seth Weissman, Haley Davis, and Bean representing the lender Urban Standard Capital. The borrowing side is represented by brokers Michael Helmreich, Asher Spingarn, and Jake Gluck from Fortune Capital Group.
On the Map
$12,500,000
$431/SF
Mixed-use
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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
1.27%
Cash-on-Cash
-0.36%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93