Secures $4,563,107 Refinance Loan From Ice Cap Group For Mixed-Use Asset In Chelsea
223 West 29th Street
$4,563,107
Building Size
—
Asset Type
Mixed-use
Closing
Apr 28, 2026
About this deal
AI
The property involved in this transaction is a mixed-use asset located at 223 West 29th Street in Chelsea, Manhattan. The loan amount for this property is $4,563,107, under a refinance loan type with terms spanning 12 months.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $4,563,107
- Lender: Ice Cap Group
- Landlord:
- Loan Terms: 12 months
This deal features key players including the lender, Ice Cap Group, and the landlord, , who are instrumental in the refinancing process of the property asset mentioned.
On the Map
$4,563,107
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
3.48%
Cash-on-Cash
-0.99%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93