MF1 Capital Provides $36.55M Loan For Multifamily Property Acquisition In Harlem
FINANCED
$36,550,000
New York
See Similar DealsMixed-use5,192 SF
Financed 01/07/2021
FINANCED
MF1 Capital Provides $36.55M Loan For Multifamily Property Acquisition In Harlem
56 West 125th Street, Manhattan, New York, NY, USA
See Similar DealsMixed-use5,192 SF
Financed 01/07/2021
Summary
NEW YORK
Asset Type:Mixed-use
Price Per Square Foot:$7,039
Total Square Footage:5,192 SF
Transaction Type:Loan
The property involved in this closed transaction is a multifamily asset located at 56 West 125th Street in Harlem. The property consists of 141 units.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $36,550,000
- Address: 56 West 125th Street
- Market: Harlem
The lender for this transaction was MF1 Capital, while the landlord was Jacob Kohn.
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Details
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$36,550,000.00
Monthly NOI$243,666.67
Monthly Debt Service$231,020.86
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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