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2045 Madison Ave, East Harl...

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

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

Lenny Sporn

Sporn Group

Broker

$336.1M

vol

11 deals

Broker
Northwind Group
Northwind GroupLender
Madison Capital Group
Madison Capital GroupLandlord

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