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Terrence Lowenberg & Todd Cohen Of Icon Realty Management Secure $42.8M Refinance Loan From Webster Bank

Property Image
FINANCED
$42,797,000
Sean Bastian
Dustin Stolly
+ 7

New York

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Mixed-use
Financed
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Property Image
FINANCED

Terrence Lowenberg & Todd Cohen Of Icon Realty Management Secure $42.8M Refinance Loan From Webster Bank

316 West 14th Street

See Similar Deals
Mixed-use
Financed
Sean Bastian
Dustin Stolly
+ 7
Contact now

Summary

NEW YORK
Asset Type:Mixed-use
Transaction Type:Loan

The transaction involves a mixed-use asset located at 316 West 14th Street, 320 West 14th Street, 610 East 9th Street, 353 Sixth Avenue, and 522 East 5th Street in the East Village. The total loan amount obtained through refinancing is $42,797,000.

Summary of transaction details:

The deal was facilitated by a group of brokers from Walker & Dunlop, representing the landlords, Terrence Lowenberg and Todd Cohen, who are affiliated with Icon Realty Management. The comprehensive support from the brokerage team played a vital role in securing the refinancing for the participating properties.

Players

Aaron Appel
175 deals$27.9B volume
BROKER

Dustin Stolly
Walker & Dunlop
253 deals$47.4B volume
BROKER

Jonathan Schwartz
Walker & Dunlop
151 deals$23.4B volume
BROKER

Keith Kurland
Walker & Dunlop
157 deals$25.3B volume
BROKER

Sean Bastian
Walker & Dunlop
30 deals$4B volume
BROKER

Adam Schwartz
Walker & Dunlop
148 deals$21.9B volume(646) 491-8869
BROKER

Michael Ianno
Walker & Dunlop
45 deals$3.7B volume
BROKER

Sean Reimer
Walker & Dunlop
37 deals$6.3B volume(646) 221-6437
BROKER

Webster Bank
LENDER

Terrence Lowenberg
Icon Realty Management
14 deals$170.4M volume
LANDLORD

Details

FINANCED
IMAGE: Aaron Appel, Jonathan Schwartz, Keith Kurland, Adam Schwartz, Dustin Stolly, Sean Reimer, Michael Ianno, Sean Bastian, Terrence Lowenberg & Todd Cohen DATE: 12/22/2025 ADDRESS: 316 West 14th Street, 320 West 14th Street, 610 East 9th Street, 353 Sixth Avenue & 522 East 5th Street MARKET: East Village ASSET TYPE: Mixed-use LENDER: Webster Bank (@WebsterBank) LANDLORD: Terrence Lowenberg & Todd Cohen - Icon Realty Management BROKERS: Aaron Appel, Jonathan Schwartz (@JSchwa1386), Keith Kurland (@KaKurland), Adam Schwartz (@AdamSchwartz88), Sean Reimer, Dustin Stolly, Michael Ianno (@Mianno20) & Sean Bastian - Walker & Dunlop (@WalkerDunlop) LOAN AMOUNT: $42,797,000 LOAN TYPE: Refinance

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$42,797,000.00

Monthly NOI$285,313.33
Monthly Debt Service$270,506.15
Change in Cash Flow$0.00
Refinance Proceeds$0.00