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Albert Dweck Acquires Multifamily Property In Central Harlem For $4.7M With Valley National Bank Loan

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FINANCED
$4,725,000
Seth Glasser
Peter Von Der Ahe
Haley Hasho
+ 3

New York

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MultiFamily9,800 SF
Financed 02/19/2020
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Property Image
FINANCED

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

See Similar Deals
MultiFamily9,800 SF
Financed 02/19/2020
Seth Glasser
Peter Von Der Ahe
Haley Hasho
+ 3
the dealplayerscompscontact
Contact now

Summary

NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$482
Total Square Footage:9,800 SF
Transaction Type:Loan

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

Haley Hasho
Exodus Capital
Haley Hasho
47 deals$378.2M volume(646) 840-8201
BROKER
Peter Von Der Ahe
Marcus & Millichap
Peter Von Der Ahe
110 deals$1.4B volume
BROKER
Seth Glasser
Marcus & Millichap
Seth Glasser
125 deals$1.1B volume
BROKER
Brad Domenico
Cushman & Wakefield
Brad Domenico
134 deals$3.6B volume
BROKER
Brad Domenico
Cushman & Wakefield
Brad Domenico
134 deals$3.6B volume
BROKER
Jake Kahn
Marcus & Millichap
Jake Kahn
29 deals$406.7M volume(516) 660-8075
BROKER
Progress Capital
Progress Capital
BROKERAGE
Valley National Bank
Valley National Bank
LENDER
AD
Duke Properties
Albert Dweck
9 deals$21.9M volume
LANDLORD

Details

FINANCED
IMAGE: Albert Dweck & Brad Domenico DATE: 02/19/2020 ADDRESS: 125 West 138th Street MARKET: Central Harlem ASSET TYPE: Multifamily LENDER: Valley National Bank LANDLORD: Albert Dweck – Duke Properties BROKER: Brad Domenico – Progress Capital LOAN AMOUNT: $4,725,000 SF: 9,800

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$4,725,000.00

Monthly NOI$31,500.00
Monthly Debt Service$29,865.21
Change in Cash Flow$0.00
Refinance Proceeds$0.00