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305 West 43rd Street

Richard Carroll Of Trans World Equities Refinances Studio Seaview Theater For $17.3M
FINANCEDSpecial Purpose

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

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.

Players

East West Bank
East West BankLender

Richard Carroll

Transworld Equities

Landlord

$29.1M

vol

4 deals

Landlord

New York Special Purpose Market Snapshot

Boundary boundary · Special Purpose · Loan transactions

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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