Goldman Sachs Provides $242M Loan For Retail Property On West 125th Street In Central Harlem
125 West 125th Street, Central Harlem
$242,000,000
$127,907/SF
Building Size
1,892 SF
Asset Type
Retail
Closing
Jul 29, 2020
AI
The retail property located at 125 West 125th Street in Central Harlem has recently undergone a loan transaction. The loan amount of $242,000,000 was provided by Goldman Sachs. The property, with a lot size measuring 390 ft x 199.83 ft, is owned by BRP Companies, Dabar Development, L+M Development Partners, Taconic Investment Partners, and Prusik Group.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $242,000,000
- Address: 125 West 125th Street
- Market: Central Harlem
- Lender: Goldman Sachs
- Landlord: BRP Companies, Dabar Development, L+M Development Partners, Taconic Investment Partners & Prusik Group
- Lot Size: 390 ft x 199.83 ft
The loan transaction involves the collaboration between the property owners, including BRP Companies, Dabar Development, L+M Development Partners, Taconic Investment Partners, and Prusik Group, and the lender, Goldman Sachs. This partnership highlights the importance of financial support in the real estate industry, enabling the development and progress of retail properties such as the one located at 125 West 125th Street in Central Harlem.
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
0.07%
Cash-on-Cash
-0.02%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93