FINANCEDMixed-use
MF1 Capital Provides $36.55M Loan For Multifamily Property Acquisition In Harlem
56 West 125th Street, Manhattan, New York, NY, USA
$36,550,000
$7,039/SF
Building Size
5,192 SF
Asset Type
Mixed-use
Closing
Jan 6, 2021
AI
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.
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
0.43%
Cash-on-Cash
-0.12%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93