Updated Aug 26, 2025
Richard Carroll Of Trans World Equities Refinances Studio Seaview Theater For $17.3M
305 West 43rd Street
$17,300,000
Building Size
—
Asset Type
Special Purpose
Closing
Jun 30, 2025
About this deal
AI
The asset involved in this transaction is a special purpose property located at 305 West 43rd Street in Hell’s Kitchen, Manhattan. The property is known for housing the Studio Seaview theater, which has undergone refinancing. The loan amount for this transaction is $17,300,000.
Summary of transaction details:
- Property Type: Special Purpose
- Transaction Amount: $17,300,000
- Lender: East West Bank
- Landlord: Richard Carroll - Trans World Equities
- Loan Type: Refinance
- Loan Date: 06/30/2025
The individuals involved in this transaction include Richard Carroll, representing Trans World Equities, and the lending institution, East West Bank, which provided the refinancing for this property. This refinancing reflects the financial arrangements undertaken by Trans World Equities for the Studio Seaview theater.
On the Map
$17,300,000
Special Purpose
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.92%
Cash-on-Cash
-0.26%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93