Updated Dec 12, 2024
Invesco Real Estate Provides $125M Refinance Loan For Multifamily Property In Harlem
158 East 126th Street, New York City, New York 10035, United States
$125,000,000
$340/SF
Building Size
367,273 SF
Asset Type
MultiFamily
Closing
Jan 23, 2022
About this deal
AI
The multifamily property located at 158 East 126th Street in Harlem has undergone a refinancing transaction. The property consists of 233 units and is owned by Blumenfeld Development Group, represented by David Blumenfeld. The loan for this transaction was obtained from Invesco Real Estate, with Yorick Starr serving as the lender's representative. The loan amount is $125,000,000.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $125,000,000
- Market: Harlem
- Units: 233
The brokers responsible for facilitating this refinancing deal are Drew Fletcher and Matthew Klauer, who are affiliated with Greystone Capital Advisors.
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
0.13%
Cash-on-Cash
-0.04%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93