Seth Weissman, Haley Davis & Bean Secure $37.1M Loan For 168 Canal Street Retail/Office
FINANCED
$37,100,000
New York
See Similar DealsOffice51,720 SF
Financed
FINANCED
Seth Weissman, Haley Davis & Bean Secure $37.1M Loan For 168 Canal Street Retail/Office
168 Canal Street
See Similar DealsOffice51,720 SF
Financed
Summary
NEW YORK
Asset Type:Office
Price Per Square Foot:$717
Total Square Footage:51720 SF
Transaction Type:Loan
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
LENDER
Details
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$37,100,000.00
Monthly NOI$247,333.33
Monthly Debt Service$234,497.24
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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