Albert Dweck Acquires Multifamily Property In Central Harlem For $4.7M With Valley National Bank Loan
125 W 138th St, New York, NY 10030, USA
$4,725,000
$482/SF
Building Size
9,800 SF
Asset Type
MultiFamily
Closing
Feb 18, 2020
AI
The property at 125 West 138th Street in Central Harlem has been involved in a recent closed transaction. The multifamily asset spans across 9,800 square feet.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $4,725,000
- Address: 125 West 138th Street
- Market: Central Harlem
Valley National Bank provided a loan amount of $4,725,000 for the transaction. Albert Dweck, representing Duke Properties, serves as the landlord. Brad Domenico, from Progress Capital, acted as the broker in the 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
3.36%
Cash-on-Cash
-0.96%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93