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321 Lenox Avenue, New York ...

OSTB 321 Lenox Avenue, LLC Acquires Mixed-Use Property In Central Harlem From Delshah Capital For $14.3M
SOLDMixed-use

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

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

Hall Oster

JLL

Broker

$2.2B

vol

90 deals

Broker

Eran Nornberg

Buyer

$28.9M

vol

3 deals

Buyer
Delshah Capital
Delshah CapitalSeller

New York Mixed-use Market Snapshot

Boundary boundary · Mixed-use · Sale transactions

Loading comparables…

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