W Financial Provides $4,640,000 Refinance Loan For Retail Asset At 199 Bowery In Manhattan
199 Bowery
$4,640,000
Building Size
—
Asset Type
Retail
Closing
Apr 23, 2026
AI
The property involved in this transaction is a retail asset located at 199 Bowery in Manhattan. A refinance loan amounting to $4,640,000 has been secured for this asset.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $4,640,000
- Lender: W Financial
- Landlord's Representative: Louis Halperin & Zachary Strauss - Arrow Real Estate Advisors
- Transaction Date: 4/24/2026
This transaction features the active involvement of W Financial as the lender, facilitating the financial arrangement necessary for the refinance. The landlord is represented by Louis Halperin and Zachary Strauss from Arrow Real Estate Advisors, underscoring the collaboration between the financial and real estate sectors in this deal.
Players
New York Retail Market Snapshot
Boundary boundary · Retail · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
3.42%
Cash-on-Cash
-0.98%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93