Urban Standard Capital Provides $1.6M Loan For Multifamily Property In Harlem
FINANCED
$1,600,000
New York
See Similar DealsMultiFamily3,900 SF
Financed 04/09/2019
FINANCED
Urban Standard Capital Provides $1.6M Loan For Multifamily Property In Harlem
5 East 124th Street, New York, NY 10035, USA
See Similar DealsMultiFamily3,900 SF
Financed 04/09/2019
Summary
NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$410
Total Square Footage:3,900 SF
Transaction Type:Loan
A multifamily property located at 5 E 124th St in Harlem has been involved in a recent transaction. The property spans 3,900 square feet and is owned by Stockbridge Equities, represented by Selwyn Roberts. The transaction involved a loan provided by Urban Standard Capital in the amount of $1,600,000.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,600,000
- Address: 5 E 124th St
- Market: Harlem
- Landlord: Stockbridge Equities - Selwyn Roberts
Seth Weissman and Blake Orman were the brokers involved in the deal. Blake Orman represented the lender, Urban Standard Capital.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$1,600,000.00
Monthly NOI$10,666.67
Monthly Debt Service$10,113.09
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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