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350 Bowery

Lonicera Partners Secures $22.2M Refinance Loan From First Citizens Bank For NoHo Properties
FINANCEDMixed-use

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

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.

Players

First Citizens Bank
First Citizens BankLender

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