Lonicera Partners Secures $22.2M Refinance Loan From First Citizens Bank For NoHo Properties
350 Bowery, 352 Bowery & 348 Bowery
$22,200,000
$577/SF
Building Size
12,823 SF
Asset Type
Mixed-use
Closing
Oct 31, 2025
About this deal
AI
A mixed-use property portfolio consisting of three locations at 350 Bowery, 352 Bowery, and 348 Bowery, situated in the NoHo market of Manhattan, comprises a total square footage of 12,823. The loan amount secured through refinancing is $22,200,000.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $22,200,000
- Lender: First Citizens Bank
- Landlord: Jamie R. Anthony - Lonicera Partners
- Previous Debt: $15,800,000 from Hirshmark Capital
The refinancing transaction was facilitated by Lonicera Partners, under the leadership of Jamie R. Anthony, who represents the landlord in this deal involving multiple properties in a prominent New York location.
On the Map
$22,200,000
$577/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
0.71%
Cash-on-Cash
-0.20%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93