CSC Coliving & Madison Capital Secures $21M Loan For Mixed-Use Property On Madison Ave. In Harlem, NYC
2045 Madison Ave, East Harlem, New York, NY, USA
$21,000,000
$241/SF
Building Size
86,981 SF
Asset Type
Mixed-use
Closing
Mar 25, 2021
AI
Located at 2045 Madison Ave. in Harlem, this mixed-use property was involved in a recent closed transaction. The deal was facilitated by CSC Coliving & Madison Capital, who served as the landlord, and Ran Eliasaf from the Northwind Group, who acted as the lender. Lenny Sporn from SN Realty represented the parties involved in the transaction.
Summary of transaction details
- Property Type: Mixed-use
- Transaction Amount: $21,000,000
- Address: 2045 Madison Ave.
- Market: Harlem
Eliasaf's loan of $21,000,000 played a pivotal role in the transaction. The Northwind Group, led by Eliasaf, provided financing for the deal, showcasing their commitment to real estate investment opportunities. For further inquiries about potential opportunities, interested parties can reach out to [email protected].
Players
New York Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.76%
Cash-on-Cash
-0.22%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93