Arbor Realty Trust Provides $2.95M Loan For Mixed-Use Property At 2165 2nd Ave In Harlem
2165 2nd Avenue, Manhattan, New York, NY, USA
$2,950,000
$573/SF
Building Size
5,144 SF
Asset Type
Mixed-use
Closing
Dec 1, 2018
About this deal
AI
A mixed-use property located at 2165 2nd Ave in Harlem was recently involved in a closed transaction. The property, owned by Morad Aryeh, was part of a deal facilitated by Jake Gluck representing the buyer or tenant, and the lender in this transaction was Arbor Realty Trust. The transaction took place on 12/02/2018.
Summary of transaction details
- Property Type: Mixed-Use
- Transaction Amount: $2,950,000
- Address: 2165 2nd Ave, Harlem
The key individuals and companies involved in this transaction were Morad Aryeh as the landlord, Jake Gluck as the broker representing either the buyer or tenant, and Arbor Realty Trust as the lender.
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
5.38%
Cash-on-Cash
-1.54%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93