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Andrew Moelis & Rick Gropper Acquires Central Harlem Multifamily With $25.4M Loan

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FINANCED
$25,354,014

New York

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MultiFamily51,560 SF
Financed 07/29/2021
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FINANCED

Andrew Moelis & Rick Gropper Acquires Central Harlem Multifamily With $25.4M Loan

108 West 144th Street, Manhattan, New York, NY, USA

See Similar Deals
MultiFamily51,560 SF
Financed 07/29/2021
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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

FINANCED
IMAGE: Andrew Moelis & Rick Gropper DATE: 07/29/2021 ADDRESS: 104, 106 & 108 West 144th Street MARKET: Central Harlem ASSET TYPE: Multifamily LENDER: Walker & Dunlop LANDLORD: Andrew Moelis & Rick Gropper - Camber Property Group LOAN AMOUNT: $25,354,014 SF: 51,560 UNITS: 45

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Deal Type
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