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Mixed Use

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223 West 29th Street

Updated Apr 22, 2026

Bilt advertisement
 Secures $4,563,107 Refinance Loan From Ice Cap Group For Mixed-Use Asset In Chelsea
FINANCEDMixed-use

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.

Players

Ice Cap Group
Ice Cap GroupLender

Alberto Abadi

Ice Cap Group

Originator

$4.6M

vol

1 deal

Originator

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

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