Troy Realty Capital Secures $8.4 Million Acquisition Loan For Mixed-Use Property In Kips Bay
153 East 26th Street
$8,400,000
Building Size
—
Asset Type
Mixed-use
Closing
Sep 11, 2026
About this deal
AI
The property asset involved in the transaction is located at 153 East 26th Street in the Kips Bay neighborhood. This mixed-use asset is financed through an acquisition loan amounting to $8,400,000. The financing was provided by Derby Copeland Capital, a private equity firm based in New York City, specializing in opportunistic real estate-related debt financing and equity investments.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $8,400,000
- Lender: Derby Copeland Capital
- Borrower: Troy Realty Capital
- Landlord's Representative: Louis Halperin & Alan Frastai - Arrow Real Estate Advisors
- Broker: Eliott Zeitoune - Arrow Real Estate Advisors
- Transaction Date: 09/11/2026
This transaction involves key representatives from Arrow Real Estate Advisors, with Louis Halperin and Alan Frastai acting as the landlord's representatives, while Eliott Zeitoune served as the broker. Derby Copeland Capital's note emphasizes that the firm specializes in real estate financing and investment strategies, indicating the opportunity specifics related to this loan.
Players
New York Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Loan transactions
Loading comparables…
Deal FAQ
Browse New York mixed use loans on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.89%
Cash-on-Cash
-0.54%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93