Manouchehr Ashourzadeh Secures $16.8M Loan For Condo In East Harlem, Manhattan
2205 3rd Avenue, New York City, New York 10035, United States
$16,800,000
$367/SF
Building Size
45,694 SF
Asset Type
—
Closing
Oct 12, 2022
About this deal
AI
The property involved in this closed transaction is a condo located at 2205 3rd Avenue in East Harlem, Manhattan. The property has a square footage of 45,694 and was sold for a loan amount of $16,800,000. The lender for this transaction was Santander Bank, and the landlord is Manouchehr Ashourzadeh.
Summary of transaction details
- Property Type: Condo
- Transaction Amount: $16,800,000
- Address: 2205 3rd Avenue, East Harlem, Manhattan
- Market: East Harlem, Manhattan
- Lender: Santander Bank
- Landlord: Manouchehr Ashourzadeh
- Square Footage: 45,694
This transaction showcases the collaboration between the buyer and the seller, as represented by Manouchehr Ashourzadeh. It is worth noting that no additional information was provided regarding the details of this deal.
Players
New York CRE Market Snapshot
Boundary boundary · CRE · Loan transactions
Loading comparables…
Deal FAQ
Browse New York loans on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.94%
Cash-on-Cash
-0.27%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93