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2324 2nd Avenue

Lakshmi Capital Acquires East Harlem Development Site For $1.9M
SOLD

Lakshmi Capital Acquires East Harlem Development Site For $1.9M

$1,900,000

Building Size

Asset Type

Closing

Jul 23, 2020

AI

No summary available.

Players

Brendan Cohen

B6 Real Estate Advisors

Broker

$1.9M

vol

1 deal

Broker
MD
Melody DevelopmentSeller

Market CRE Market Snapshot

Boundary boundary · CRE · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

8.35%

Cash-on-Cash

-2.39%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93