Wolfe Landau Of Watermark Capital Acquires Note In Financial District For $15,000,000
10 Maiden Lane
$15,000,000
Building Size
—
Asset Type
Note / Loan
Closing
Jul 1, 2026
About this deal
AI
The transaction involved a note/loan asset located at 10 Maiden Lane in the Financial District. The sale was completed for a total price of $15,000,000.
Summary of transaction details:
- Property Type: Note / Loan
- Transaction Amount: $15,000,000
- Buyer: Wolfe Landau - Watermark Capital
- Seller's Representative: Jake Hulsh & Robert Knakal - BKREA
- Transaction Date: 07/01/2026
- Market: Financial District
Wolfe Landau represented Watermark Capital in acquiring the note/loan, while Jake Hulsh and Robert Knakal acted as the representatives for the seller in this transaction.
On the Map
$15,000,000
Note / Loan
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Players
New York Note / Loan Market Snapshot
Boundary boundary · Note / Loan · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.06%
Cash-on-Cash
-0.30%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93