FINANCEDMixed-use
Nick Kandchorov Secures $9.25 Million Loan For Mixed-Use Portfolio In Midtown Manhattan
34-36 West 46th Street, 46 West 46th Street, 48 West 46th Street & 55 West 45th Street
$9,250,000
$508/SF
Building Size
18,204 SF
Asset Type
Mixed-use
Closing
Oct 15, 2026
About this deal
AI
The transaction involves a mixed-use property portfolio consisting of four separate commercial buildings situated at 34-36 West 46th Street, 46 West 46th Street, 48 West 46th Street, and 55 West 45th Street in Manhattan's Diamond District. This portfolio spans approximately 51,864 square feet and houses 30 tenants, comprising notable prime retail spaces within one of Manhattan's established commercial areas. The total loan amount for the acquisition is $9,250,000.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $9,250,000
- Lender: Andrew Walsh - HAB Bank
- Borrower: Nick Kandchorov
- Brokers: Isaac Filler, Yossi Koschitzki & Michael Neumann - Filler Capital
- Attorney: Mitchell Shpelfogel
- Date: 10/15/2026
Filler Capital LLC facilitated the closing of the purchase financing for Nick Kandchorov, with a loan secured by the commercial buildings in Midtown Manhattan. The deal was orchestrated with the expertise of Andrew Walsh from HAB Bank, highlighting the collaboration between the lender and broker team in realizing this transaction.
On the Map
$9,250,000
$508/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
1.71%
Cash-on-Cash
-0.49%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93