Andrew Moelis & Rick Gropper Acquires Central Harlem Multifamily With $25.4M Loan
108 West 144th Street, Manhattan, New York, NY, USA
$25,354,014
$491/SF
Building Size
51,560 SF
Asset Type
MultiFamily
Closing
Jul 28, 2021
AI
The multifamily property located at 104, 106, and 108 West 144th Street in Central Harlem has been involved in a recent loan transaction. The loan was provided by Walker & Dunlop for a total amount of $25,354,014. The property has a total square footage of 51,560 and consists of 45 units.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $25,354,014
- Address: 104, 106 & 108 West 144th Street
- Market: Central Harlem
- Square Footage: 51,560
- Number of Units: 45
The landlords of the property, Andrew Moelis and Rick Gropper, are represented by Camber Property Group in this deal.
Players
New York MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.63%
Cash-on-Cash
-0.18%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93