Pinetree Group Secures $2.34M Bridge Loan From Stormfield Capital For Retail In Manhattan
554 West 28th Street
$2,345,000
$475/SF
Building Size
4,937 SF
Asset Type
Retail
Closing
Nov 11, 2025
AI
The asset involved in this transaction is a retail property located at 554 West 28th Street in the Manhattan market. The property encompasses a total square footage of 4,937 and has a loan amount of $2,345,000 associated with it. The type of loan secured for this transaction is a bridge loan.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $2,345,000
- Loan Type: Bridge
- Lender: Stormfield Capital
- Lender's Representative: Max “Iron Eagle” Antoniou
- Landlord: Pinetree Group
Max “Iron Eagle” Antoniou represents the lender, Stormfield Capital, in this transaction. The landlord of the property is the Pinetree Group, playing a pivotal role in this deal showcasing collaboration between these entities in the retail market.
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
6.76%
Cash-on-Cash
-1.93%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93