facebook
Traded Co logo
Submit

Tahari Capital Secures $8.87 Million Acquisition Loan From Esquire Bank For East Harlem Multifamily

Property Image
FINANCED
$8,875,000
 Jaden Lander
Adam Croman
+ 1

New York

See Similar Deals
MultiFamily29,995 SF
Financed 12/31/2024
the dealplayerscompscontact
Property Image
FINANCED

Tahari Capital Secures $8.87 Million Acquisition Loan From Esquire Bank For East Harlem Multifamily

1875 Lexington Avenue

See Similar Deals
MultiFamily29,995 SF
Financed 12/31/2024
 Jaden Lander
Adam Croman
+ 1
Contact now

Summary

NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$295
Total Square Footage:29,995 SF
Transaction Type:Loan

The property asset involved in this transaction is a multifamily building located at 1875 Lexington Avenue, East Harlem, Manhattan. It consists of 29,995 square feet and contains 38 units. The acquisition loan for this property amounts to $8,875,000, facilitated by Esquire Bank.

Summary of transaction details:

The financing for Tahari Capital was arranged by the capital advisory group at Tahari Realty, which specializes in various aspects of real estate brokerage including Investment Sales, Retail Leasing, Office Leasing, Capital Advisory, and Luxury Residential Apartment Dispositions. The team includes Adam Croman, Partner & COO, and Jaden Lander, Real Estate Analyst.

Players

33 deals$246.4M volume(917) 284-1406
BROKER


Adam Croman
Tahari Realty
10 deals$32.7M volume(646) 275-0203
BROKER

Jack Sash Basora
Tahari Realty
24 deals$17M volume(917) 969-4292
BROKER

Esquire Bank
LENDER

Details

FINANCED
IMAGE: Jordan Sutton, Adam Croman & Jaden Lander DATE: 12/31/2024 ADDRESS: 1875 Lexington Avenue MARKET: East Harlem, Manhattan ASSET TYPE: Multifamily ~ SF: 29,995 ~ UNITS: 38 LENDER: Esquire Bank LANDLORD: Jeremey Tahari (@Jeremey) - Tahari Capital BROKERS: Jordan Sutton (@JSutto12), Adam Croman (@AdamCroman1) & Jaden Lander (@Jaden_Lander) - Tahari Realty LOAN AMOUNT: $8,875,000 LOAN TYPE: Acquisition Loan NOTE FROM LANDLORD: The capital advisory group at Tahari Realty is proud to have arranged the financing for Tahari Capital, its parent organization. Tahari Realty is a full service brokerage that specializes in Investment Sales, Retail Leasing, Office Leasing, Capital Advisory, and Luxury Residential Apartment Dispositions. Please contact the contact details below for your financing or leasing needs. As sponsors who have deposits with our lending relationships, we are uniquely positioned to obtain the most competitive financing terms for our clients. CAPITAL ADVISORY: Adam Croman Partner & COO mobile: (646) 275-0203 office: (212) 258-0672 [email protected] www.taharicapital.com Jaden Lander Real Estate Analyst mobile: (917) 828-5038 office: (212) 991-9089 [email protected] www.taharicapital.com

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
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$8,875,000.00

Monthly NOI$59,166.67
Monthly Debt Service$56,096.04
Change in Cash Flow$0.00
Refinance Proceeds$0.00