Mass Development LLC Acquires Mixed-Use Development Site At 270 West 135th Street For $11.25M
270 West 135th Street
$11,250,000
$109/SF
Building Size
102,525 SF
Asset Type
Mixed-use
Closing
Jul 9, 2026
About this deal
AI
A mixed-use development site located at 270 West 135th Street in Harlem, Manhattan has been acquired for $11,250,000. The property encompasses 102,525 square feet and is planned to include 72 residential condo units, alongside retail and community facility space. The acquisition is supported by a $45,000,000 construction loan from SLATE.
Summary of transaction details:
- Property Type: Mixed-Use/Development Site
- Transaction Amount: $11,250,000
- Construction Loan: $45,000,000
- Units: 72
- Square Footage: 102,525
- Address: 270 West 135th Street
- Market: Harlem, Manhattan
- Lender: SLATE
- Borrower: Ben Sadykov, Slavik Shimonov & Yuri Matat
- Buyer: Slavik Shimonov, Yuri Matat & Ben Sadykov - Mass Development LLC
- Seller: Rabina
Players
New York Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.41%
Cash-on-Cash
-0.40%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93