55 Lenox Ave LLC Acquires Mixed Use Property In Harlem, NY For $3M
$500,000,000
Units
10
Asset Type
—
Closing
May 13, 2018
About this deal
AI
Located in Harlem, New York, the mixed-use properties at 455 and 457 Lenox Avenue have recently been involved in a closed transaction. The assets were sold for a total amount of $3,000,000. Spanning a total of 6,000 square feet, the properties consist of 10 units, including 8 residential and 2 commercial spaces. The address of the properties is 455 and 457 Lenox Avenue, Harlem, NY.
Summary of transation details
- Property Type: Mixed Use
- Transaction Amount: $3,000,000
- Square Footage: 6,000 sf
- Units: 10 (8 Residential and 2 Commercial)
The transaction was facilitated by The Cornerstone Group, with Aleksandr Leykind representing the buyer or seller. The buyer's representative, Aleksandr Leykind of The Cornerstone Group, assisted in ensuring a successful transaction. The lender responsible for the mortgage was Patriot Bank. The landlord of the properties, 455 Lenox Ave LLC, is associated with Alex Goldschmidt.
Players
Market CRE Market Snapshot
Boundary boundary · CRE · Loan transactions
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Deal FAQ
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.03%
Cash-on-Cash
-0.01%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93