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44 Trinity Place

Adam Savell Of Corigin Real Estate Secures $5.45M Refinance Loan For Mixed-Use Property
FINANCEDMixed-use

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

Daniel Kowalsky

HKS Real Estate Advisors

Broker

$119.4M

vol

19 deals

Broker
Citizens Bank
Citizens BankLender
Corigin Real Estate
Corigin Real EstateLandlord

New York Mixed-use Market Snapshot

Boundary boundary · Mixed-use · Loan transactions

Loading comparables…

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