Meridian Capital Group Brokers $36.5M Loan For Mixed-Use Property In Harlem

54 W 125th St, New York, NY 10027, USA

$36,500,000

$260/SF

Building Size

140,000 SF

Asset Type

Mixed-use

Closing

Nov 30, 2018

AI

Located in Harlem, the mixed-use property at 54-62 West 125th Street has recently undergone a significant transaction. The property, situated in a vibrant market, boasts its strategic location and diverse space usage.

Summary of transaction details

Property Type: Mixed Use
Address: 54-62 West 125th Street, Harlem
Lender: Centennial Bank
Landlord: Jay Group
Brokers: Morris Betesh, Dov Jeremias, and Daniel Belecen from Meridian Capital Group
Loan Amount: $36,500,000
Loan Terms: 36-month non-recourse loan

This significant deal involved various key individuals and companies. Morris Betesh, Dov Jeremias, and Daniel Belecen from Meridian Capital Group represented the buyer, seller, landlord, and tenant in this transaction. The deal was facilitated by Centennial Bank, which provided a $36,500,000 non-recourse loan.

Players