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554 West 28th Street

Pinetree Group Secures $2.34M Bridge Loan From Stormfield Capital For Retail In Manhattan
FINANCEDRetail

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

Stormfield Capital
Stormfield CapitalLender

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