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CSC Coliving & Madison Capital Secures $21M Loan For Mixed-Use Property On Madison Ave. In Harlem, NYC

Property Image
FINANCED
$21,000,000

New York

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Mixed-use86,981 SF
Financed 03/26/2021
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Property Image
FINANCED

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

See Similar Deals
Mixed-use86,981 SF
Financed 03/26/2021
Contact now

Summary

NEW YORK
Asset Type:Mixed-use
Price Per Square Foot:$241
Total Square Footage:86,981 SF
Transaction Type:Loan

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

Lenny Sporn
11 deals$336.1M volume
BROKER

Northwind Group
LENDER


Details

FINANCED
IMAGE: Ran Eliasaf & Lenny Sporn DATE: 03/26/2021 ADDRESS: 2045 Madison Ave. MARKET: Harlem ASSET TYPE: Mixed-use LENDER: Ran Eliasaf - Northwind Group LANDLORD: CSC Coliving & Madison Capital BROKER: Lenny Sporn - SN Realty LOAN AMOUNT: $21,000,000 NOTE FROM NORTHWIND: Please reach out to [email protected] for opportunities.

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$21,000,000.00

Monthly NOI$140,000.00
Monthly Debt Service$132,734.28
Change in Cash Flow$0.00
Refinance Proceeds$0.00