OSTB 321 Lenox Avenue, LLC Acquires Mixed-Use Property In Central Harlem From Delshah Capital For $14.3M
321 Lenox Avenue, New York City, New York 10027, United States
$14,336,540
$504/SF
Building Size
28,426 SF
Asset Type
Mixed-use
Closing
Apr 28, 2022
About this deal
AI
The mixed-use property located at 321 Lenox Avenue in Central Harlem has recently been sold. The transaction took place on April 29, 2022, and the buyer was OSTB 321 Lenox Avenue, LLC, represented by its CEO Eran Nornberg. The seller of the property was Delshah Capital.
Summary of transaction details
- Property Type: Mixed-use
- Sale Price: $14,336,540
- Square Footage: 28,426
- Price Per Square Foot: $504
- Address: 321 Lenox Avenue
- Market: Central Harlem
The sale of this property was facilitated by brokers from JLL, including Hall Oster, Paul Smadbeck, Teddy Galligan, Conrad Martin, and Braedon Gait. This transaction highlights the involvement of various key individuals and companies, each playing a significant role in the successful completion of the deal.
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
1.11%
Cash-on-Cash
-0.32%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93