Updated Nov 27, 2024
Chase Bank Provides $2.06M Acquisition Loan For Multifamily Property In Harlem | Jeff Feldman - AANDAR Real Estate Capital
217 E 115th St, New York, NY 10029, USA
$2
$0/SF
Building Size
4,639 SF
Asset Type
MultiFamily
Closing
Oct 26, 2022
About this deal
AI
In a recent closed transaction, a multifamily property located at 217 E 115th Street in Harlem was acquired. The property spans 4,639 square feet and was sold for an undisclosed amount.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: Undisclosed
- Address: 217 E 115th Street
- Market: Harlem
- Lender: Chase Bank
- Broker: Jeff Feldman - AANDAR Real Estate Capital
- Loan Amount: $2,065,000
- Loan Type: Acquisition
- Loan Terms: 4.86% Rate, 70% LTV
The acquisition was facilitated with a $2,065,000 loan from Chase Bank. Jeff Feldman from AANDAR Real Estate Capital served as the broker in this transaction. Further details regarding the deal were not disclosed.
Players
New York MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Loan transactions
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Deal FAQ
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
7931500.00%
Cash-on-Cash
-2266847.04%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93