Updated Dec 4, 2024
M&T Bank Refinances Development Site On East 125th Street In East Harlem For $87.5M
110 East 125th Street, Manhattan, New York, NY, USA
$87,450,000
$19,416/SF
Building Size
4,504 SF
Asset Type
Development Site
Closing
Sep 2, 2021
About this deal
AI
110 East 125th Street, a development site located in East Harlem, was involved in a recent transaction.
Summary of transaction details
- Property Type: Development Site
- Transaction Amount: $87,450,000
- Lender: M&T Bank
- Landlord: @TheDurstOrg
- Date: 09/02/2021
The loan for this transaction was provided by M&T Bank for a total amount of $87,450,000. The loan type was a refinance. The landlord in this deal was @TheDurstOrg.
The development site loan at 110 East 125th Street, Manhattan, New York, NY, USA in New York, New York financed for $87.5M in 2021. The building is 4,504 square feet, implying about 19.4K per square foot on the published price. Durst Organization appears on the loan alongside Durst Organization. This page is the New York, New York file for the 110 East 125th Street, Manhattan, New York, NY, USA development site financed: pricing, party profiles, and other closed development site comps from the same New York sit in the Market section below. Filter that New York development site set by closing date to see what else financed near 110 East 125th Street, Manhattan, New York, NY, USA around 2021. Published consideration for 110 East 125th Street, Manhattan, New York, NY, USA is $87.5M, dated 2021. Cite this M&T Bank Refinances Development Site On East 125th Street In East Harlem For $87.5M loan when underwriting similar development site product around New York, New York.
Players
New York Development Site Market Snapshot
Boundary boundary · Development Site · Loan transactions
Loading comparables…
Deal FAQ
Visit Durst Organization to view all their deals.
Browse New York development site loans on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.18%
Cash-on-Cash
-0.05%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93