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Mixed Use

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351 West 14th Street

FINANCEDMixed-use

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

Nicholas Silvers

Broker

$65.3M

vol

5 deals

Broker
Mirae Asset Securities
Mirae Asset SecuritiesLender
Nicholas Silvers

Nicholas Silvers

Tavros Capital

Landlord

$65.3M

vol

5 deals

Landlord

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