Raven Capital Management Provides $60.5M Loan For Mixed-Use Properties In Nolita
164 Bowery, New York City, New York 10012, United States
$60,454,299
$839/SF
Building Size
72,000 SF
Asset Type
Mixed-use
Closing
Aug 30, 2022
About this deal
AI
The mixed-use property located at 164 Bowery, 162 Bowery, and 166 Bowery in Nolita has been involved in a closed transaction. The property spans approximately 72,000 square feet, offering a diverse range of uses in a highly sought-after location.
Summary of transation details
- Property Type: Mixed-use
- Transaction Amount: $60,454,299
- Address: 164 Bowery, 162 Bowery, and 166 Bowery
- Market: Nolita
- Loan Date: 08/31/2022
Raven Capital Management (Raven & Company) provided the loan for this transaction. The landlord involved in the deal is Mark A. Seigel and Brandon Klein. The loan amount of $60,454,299 indicates the significant investment made in this property.
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
0.26%
Cash-on-Cash
-0.07%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93