Andrew Moelis & Rick Gropper Acquires Central Harlem Multifamily With $25.4M Loan
FINANCED
$25,354,014
New York
See Similar DealsMultiFamily51,560 SF
Financed 07/29/2021
FINANCED
Andrew Moelis & Rick Gropper Acquires Central Harlem Multifamily With $25.4M Loan
108 West 144th Street, Manhattan, New York, NY, USA
See Similar DealsMultiFamily51,560 SF
Financed 07/29/2021
Summary
NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$491
Total Square Footage:51,560 SF
Transaction Type:Loan
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.
Details
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Similar Deals
Contact
Get in touch with the broker you want
Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$25,354,014.00
Monthly NOI$169,026.76
Monthly Debt Service$160,254.62
Change in Cash Flow$0.00
Refinance Proceeds$0.00
Is there something missing? Send suggestions