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
About this deal
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.
On the Map
$37,100,000
$717/SF
Office
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Players
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