facebook
Traded Co logo
Submit
Daily limit: 0/10

L&M Development Partners Refinances East Harlem Condo At 1787 Madison Avenue With M.Y. Safra Bank Loan

Property Image
FINANCED
$4,200,000

New York

See Similar Deals
Condo13,879 SF
Financed 04/07/2025
the dealplayerscompscontact
Property Image
FINANCED

L&M Development Partners Refinances East Harlem Condo At 1787 Madison Avenue With M.Y. Safra Bank Loan

1787 Madison Avenue

See Similar Deals
Condo13,879 SF
Financed 04/07/2025
Contact now

Summary

NEW YORK
Asset Type:Condo
Price Per Square Foot:$302
Total Square Footage:13,879 SF
Transaction Type:Loan

The asset involved in this transaction is a retail condo located at 1787 Madison Avenue in East Harlem, Manhattan. The property encompasses a total square footage of 13,879 and has undergone refinancing with a loan amount of $4,200,000 from M.Y. Safra Bank, which replaces a prior loan of $5,000,000 from Webster National Bank.

Summary of transaction details:

  • Property Type: Condo
  • Transaction Amount: $4,200,000
  • Lender: M.Y. Safra Bank
  • Landlord: Lisa Gomez - L+M Development Partners
  • Asset Address: 1787 Madison Avenue
  • Market: East Harlem, Manhattan
  • Asset Size: 13,879 SF
  • Loan Type: Refinance

The individuals behind this refinancing transaction include Lisa Gomez, representing L+M Development Partners as the landlord, and M.Y. Safra Bank as the lender, facilitating the financial restructuring of the property asset.

Details

FINANCED
IMAGE: Lisa Gomez DATE: 04/07/2025 ADDRESS: 1787 Madison Avenue MARKET: East Harlem, Manhattan ASSET TYPE: Condo ~ SF: 13,879 LENDER: M.Y Safra Bank LANDLORD: Lisa Gomez - L+M Development Partners (@LMDevPartners) LOAN AMOUNT: $4,200,000 LOAN TYPE: Refinance NOTE: L+M Development Partners refinanced the 13,879-sq-ft retail condo at 1787 Madison Ave in East Harlem with a $4.2M loan from M.Y. Safra Bank, replacing a prior $5M loan from Webster National Bank.

Stay in the Know

Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.

By subscribing, you agree to our Terms of Service and Privacy Policy.

Similar Deals

Contact

Get in touch with the broker you want

Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$4,200,000.00

Monthly NOI$28,000.00
Monthly Debt Service$26,546.86
Change in Cash Flow$0.00
Refinance Proceeds$0.00