Goldman Sachs Provides $242M Loan For Retail Property On West 125th Street In Central Harlem
FINANCED
$242,000,000
Connecticut
See Similar DealsRetail1,892 SF
Financed 07/30/2020
FINANCED
Goldman Sachs Provides $242M Loan For Retail Property On West 125th Street In Central Harlem
125 West 125th Street, Central Harlem
See Similar DealsRetail1,892 SF
Financed 07/30/2020
Summary
CONNECTICUT
Asset Type:Retail
Price Per Square Foot:$127,907
Total Square Footage:1,892 SF
Transaction Type:Loan
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
Details
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Similar Deals
Contact
Get in touch with the broker you want
Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$242,000,000.00
Monthly NOI$1,613,333.33
Monthly Debt Service$1,529,604.62
Change in Cash Flow$0.00
Refinance Proceeds$0.00
Is there something missing? Send suggestions