Updated Nov 27, 2024
CBRE Capital Markets Provides $8.61M Loan For Multifamily Property At 415 West 150th Street In Hamilton Heights
415 West 150th St, New York, NY 10031, USA
$8,610,000
$291/SF
Building Size
29,529 SF
Asset Type
MultiFamily
Closing
Apr 12, 2020
About this deal
AI
The multifamily property located at 415 West 150th Street in Hamilton Heights has recently been involved in a closed transaction. The property consists of 16 units and was transacted for a loan amount of $8,610,000. The lender in this deal was CBRE Capital Markets. The landlord of the property is ICER Properties, owned by Joseph L. Jemal. Jared Sobel, from an undisclosed agency, represented the parties involved in the transaction.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $8,610,000
- Address: 415 West 150th Street
- Market: Hamilton Heights
- Units: 16
Jared Sobel, from an undisclosed agency, acted as the broker in this deal. He facilitated the transaction between the buyer, seller, landlord, and tenant. His expertise was crucial in ensuring a successful transaction for all parties involved.
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
1.84%
Cash-on-Cash
-0.53%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93