Updated Apr 14, 2026
CSP Properties LLC Secures $23.3 Million Refinance From ArrowMark Partners For Storage Asset In Manhattan
78 Walker Street
$23,300,000
$565/SF
Building Size
41,200 SF
Asset Type
Self Storage
Closing
Mar 12, 2026
About this deal
AI
The asset involved in the transaction is a self-storage facility located at 78 Walker Street in Manhattan’s Chinatown. It encompasses a total square footage of 41,200 and is part of a refinancing arrangement.
Summary of transaction details:
- Property Type: Self Storage
- Transaction Amount: $23,300,000
- Address: 78 Walker Street
- Market: Chinatown, Manhattan
- Lender: ArrowMark Partners
- Landlord: Yacov Smouha
- Loan Type: Refinance
CSP Properties LLC, under the leadership of Yacov Smouha, was involved in securing the refinancing from ArrowMark Partners which replaced prior debt from Thorofare Capital.
On the Map
$23,300,000
$565/SF
Self Storage
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Boundary boundary · Self Storage · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.68%
Cash-on-Cash
-0.19%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93