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Rosewood Realty Group broke...

Updated Oct 29, 2024

Black Spruce Management Acquires Multifamily Portfolio In Upper West Side And Harlem For $200M
SOLD

Black Spruce Management Acquires Multifamily Portfolio In Upper West Side And Harlem For $200M

$200,000,000

Building Size

Asset Type

Closing

Dec 1, 2020

About this deal

AI

No summary available.

Black Spruce Management Acquires Multifamily Portfolio In Upper West Side And Harlem For $200M is logged as a commercial sale on Traded (2020). This page is the market file for the Black Spruce Management Acquires Multifamily Portfolio In Upper West Side And Harlem For $200M commercial sold: pricing, party profiles, and other closed commercial comps from the same area sit in the Market section below. Cite this Black Spruce Management Acquires Multifamily Portfolio In Upper West Side And Harlem For $200M sale when underwriting similar commercial product.

Players

Black Spruce Management
Black Spruce ManagementBuyer
Orbach Group
Orbach GroupSeller

Market CRE Market Snapshot

Boundary boundary · CRE · Sale transactions

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Deal FAQ

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.08%

Cash-on-Cash

-0.02%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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