AMS Acquisitions & Gideon Asset Management Acquire Mixed-Use Property In Harlem For $2.3M
FINANCED
$2,300,000
New York
See Similar DealsMixed-use4,760 SF
Financed 11/29/2020
FINANCED
AMS Acquisitions & Gideon Asset Management Acquire Mixed-Use Property In Harlem For $2.3M
147 E 116th St, New York, NY 10029, USA
See Similar DealsMixed-use4,760 SF
Financed 11/29/2020
Summary
NEW YORK
Asset Type:Mixed-use
Price Per Square Foot:$483
Total Square Footage:4,760 SF
Transaction Type:Loan
A mixed-use property located at 147 East 116th Street in Harlem, Manhattan has been involved in a recent closed transaction. The property is owned by AMS Acquisitions and Gideon Asset Management. It is situated in a vibrant market in New York City.
Summary of transaction details
- Property Type: Mixed-Use
- Loan Amount: $2,300,000
- Loan Terms: 5 Years, 2 Years Interest Only, Cash-Out
- Lender: Colorado Federal Savings Bank
- Landlord/Developer: AMS Acquisitions & Gideon Asset Management
The individuals and companies involved in this deal include Isaac Klein from GAM, Avi Abadie from AMS, Eric Gleitman from MCM, Michael Mitnick from AMS, and JoJo Chehebar from GAM.
Players
Details
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$2,300,000.00
Monthly NOI$15,333.33
Monthly Debt Service$14,537.56
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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