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
About this deal
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.
On the Map
$65,300,000
$1,080/SF
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
0.24%
Cash-on-Cash
-0.07%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93