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168 Canal Street

Seth Weissman, Haley Davis & Bean Secure $37.1M Loan For 168 Canal Street Retail/Office
FINANCEDOffice

Seth Weissman, Haley Davis & Bean Secure $37.1M Loan For 168 Canal Street Retail/Office

168 Canal Street

$37,100,000

$717/SF

Building Size

51,720 SF

Asset Type

Office

Closing

Mar 23, 2026

AI

The property located at 168 Canal Street in Chinatown consists of a retail and office space, totaling 51,720 square feet. The acquisition and repositioning loan provided amounts to $37,100,000.

Summary of transaction details:

  • Property Type: Retail/Office
  • Transaction Amount: $37,100,000
  • Loan Type: Acquisition and repositioning
  • Lender: Seth Weissman, Haley Davis & Bean - Urban Standard Capital
  • Landlord's Representative: AJ Bruno - CBRE
  • Date of transaction: 3/24/2026

The deal highlights the involvement of key individuals, including Seth Weissman and Haley Davis representing Urban Standard Capital, which specializes in customized financing solutions. AJ Bruno from CBRE acted as the landlord’s representative in this transaction.

Players

AJ Bruno

CBRE

Broker

$2.4B

vol

18 deals

Broker
Urban Standard Capital
Urban Standard CapitalLender
Seth Weissman

Seth Weissman

Urban Standard Capital

Originator

$590.5M

vol

56 deals

Originator

New York Office Market Snapshot

Boundary boundary · Office · Loan transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.43%

Cash-on-Cash

-0.12%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93