Naftali Group Provides $13M Loan For 145 W 110th St Condo, New York
145 W 110th St, New York, NY, 10026
$13,000,000
Building Size
—
Asset Type
Condo
Closing
Oct 4, 2018
About this deal
AI
The property at 145 W 110th St, New York, NY, 10026, is a Condo located in the New York market. The loan for this property was provided by Naftali Group for an amount of $13,000,000.00.
Summary of transation details:
- Property Type: Condo
- Transaction Amount: $13,000,000.00
- Borrower's Rep: Michael Homapour(Meridian Capital Group), Morris Betesh(Meridian Capital Group)
- Lender: Naftali Group
The borrower's representatives for this deal were Michael Homapour from Meridian Capital Group and Morris Betesh also from Meridian Capital Group.
On the Map
$13,000,000
Condo
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Players
New York Condo Market Snapshot
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.22%
Cash-on-Cash
-0.35%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93