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54 W 125th St, New York, NY...

HUBBNYC Acquires Mixed-Use Property In Harlem For $105M
SOLDMixed-use

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

Daniel Belecen

Broker

$181.5M

vol

3 deals

Broker
John P. McCarthy

John P. McCarthy

HUBB NYC

Buyer

$702.1M

vol

14 deals

Buyer
JG
Jay GroupSeller

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