Nicholas Silvers Of Tavros Capital Secures $65.3 Million Refinance Loan For 351 West 14th Street
351 West 14th Street
$65,300,000
$1,080/SF
Building Size
60,444 SF
Asset Type
Mixed-use
Closing
Jul 31, 2026
AI
The property asset involved is a mixed-use building located at 351 West 14th Street in Chelsea, Manhattan, encompassing a size of 60,444 square feet. The transaction involves refinancing arrangements totaling $65,300,000.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $65,300,000
- Address: 351 West 14th Street
- Market: Chelsea, Manhattan
- Lender: Mirae Asset Securities
- Landlord: Nicholas Silvers - Tavros Capital
- Loan Type: Refinance
The refinancing was facilitated through MePa Realty LLC, representing Tavros Capital’s interest in securing the loan from Mirae Asset Securities, which is based in South Korea.
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
0.24%
Cash-on-Cash
-0.07%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93