Adam Savell Of Corigin Real Estate Secures $5.45M Refinance Loan For Mixed-Use Property
44 Trinity Place & 156 East 33rd Street
$5,450,000
Building Size
—
Asset Type
Mixed-use
Closing
Nov 24, 2025
AI
The mixed-use asset located at 44 Trinity Place & 156 East 33rd Street has been refinanced for a total of $5,450,000. It is situated in the FiDi and Kips Bay markets, catering to a diverse range of tenants and uses.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $5,450,000
- Lender: Citizens Private Bank
- Lender Representatives: Scott Van Der Marck & Maxwell Nemerow
- Landlord: Adam Savell
- Landlord Agency: Corigin Real Estate
- Broker Representatives: Daniel Kowalsky & Michael Lee
- Broker Agency: HKS Real Estate Advisors
- Loan Type: Refinance
- Date of Transaction: 11/25/2025
The transaction features key individuals including Adam Savell, representing the landlord with Corigin Real Estate, and the lending team from Citizens Private Bank. Daniel Kowalsky and Michael Lee from HKS Real Estate Advisors acted as the brokers in this refinancing deal.
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
2.91%
Cash-on-Cash
-0.83%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93