Derby Copeland Capital Closes $9 Million Acquisition Loan For Mixed-Use Property In NoHo
17 19 Bleecker Street
$9,000,000
$526/SF
Building Size
17,080 SF
Asset Type
Mixed-use
Closing
Jun 29, 2025
About this deal
AI
The asset involved in this transaction is a mixed-use property located at 17-19 Bleecker Street in the NoHo market, encompassing a total area of 17,080 square feet. Derby Copeland Capital provided a loan of $9,000,000 for acquisition purposes.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $9,000,000
- Lender: Derby Copeland Capital
- Landlord: EKT Equities
- Landlord's Representative: Dorian Aftalion - Meridian Capital Group
- Loan Type: Acquisition
- Loan Date: 6/30/2025
Derby Copeland Capital facilitated the closing of this acquisition and renovation loan. The firm's registration as an investment adviser does not imply any expertise or skill. This transaction serves as part of their investment portfolio.
On the Map
$9,000,000
$526/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
1.76%
Cash-on-Cash
-0.50%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93