HUBBNYC Acquires Mixed-Use Property In Harlem For $105M
54 W 125th St, New York, NY 10027, USA & 54 W 125th St, New York, NY 10027, USA
$26,500,000
$29/SF
Building Size
890,000 SF
Asset Type
Mixed-use
Closing
Jun 24, 2018
AI
The mixed-use property located at 56 West 125th Street in Harlem was recently sold in September 2021. The transaction involved the sale of the property for a total amount of $105,000,000. The property consists of 141 units and had a price per unit of $744,680.
Summary of transaction details
- Property Type: Mixed-use
- Transaction Amount: $105,000,000
- Address: 56 West 125th Street, Harlem
- Units: 141
- Price per Unit: $744,680
The buyers of the property were John McCarthy and Jesse Terry, representing @HUBBNYC. The seller involved in the transaction was the Jay Group.
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
0.60%
Cash-on-Cash
-0.17%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93