Updated Sep 29, 2026
Robert Kaliner Of RoundSquare Development Secures $29.2M Construction Loan From Maxim Capital Group
58 West 12th Street & 56 West 12th Street
$29,200,000
Units
10
Asset Type
MultiFamily
Closing
Sep 10, 2026
About this deal
AI
The assets involved in the transaction are two adjacent properties located at 56 and 58 West 12th Street in the Greenwich Village market of Manhattan. These properties are classified as MultiFamily assets, with a total of 10 residential units and 9,695 buildable square feet. The construction loan secured for these properties amounts to $29,200,000.
Summary of transaction details:
- Property Type: MultiFamily
- Transaction Amount: $29,200,000
- Address: 58 West 12th Street & 56 West 12th Street
- Market: Greenwich Village, Manhattan
- Units: 10
- Lender: Maxim Capital Group
- Landlord: Robert Kaliner - RoundSquare Development
- Loan Type: Construction
RoundSquare Development, represented by Robert Kaliner, is the landlord involved in the deal. Maxim Capital Group acted as the lender for this construction loan, facilitating the financing necessary for the development of the properties.
On the Map
$29,200,000
MultiFamily
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Players
New York MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.54%
Cash-on-Cash
-0.16%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93