Canvas Property Group Secures $8.2M Loan For Mixed-Use Property At 9 Great Jones Street
9 Great Jones Street
$8,200,000
Building Size
—
Asset Type
Mixed-use
Closing
Aug 21, 2026
About this deal
AI
The property asset involved in this transaction is a mixed-use building located at 9 Great Jones Street in the Noho market of Manhattan. The loan amount secured for this acquisition is $8,200,000.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $8,200,000
- Lender: Joseph E. Fingerman & Kenneth A. Stagnari - Peapack Private Bank & Trust
- Borrower: Canvas Property Group
- Landlord's Rep: Max Ralby - Newmark
The transaction features key individuals including Joseph E. Fingerman and Kenneth A. Stagnari, who represented the lending side, while Max Ralby acted on behalf of the landlord, underscoring the collaborative effort among professionals in this real estate deal.
On the Map
$8,200,000
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
1.93%
Cash-on-Cash
-0.55%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93