ELH Management Secures $29.4M Construction Loan For 505, 523 & 527 West 134th Street In Harlem
FINANCED
$29,417,764
New York
See Similar DealsMultiFamily46,960 SF
Financed 04/12/2022
FINANCED
ELH Management Secures $29.4M Construction Loan For 505, 523 & 527 West 134th Street In Harlem
505 West 134th Street, New York City, New York 10031, United States
See Similar DealsMultiFamily46,960 SF
Financed 04/12/2022
Summary
NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$626
Total Square Footage:46,960 SF
Transaction Type:Loan
The property involved in this transaction is a multifamily asset located at 505, 523 & 527 West 134th Street in Harlem. The property has a total square footage of 46,960 and consists of 69 units. The loan for this transaction was provided by Local Initiatives Support & Neighborhood Restore Housing Development Fund Corporation, and the landlord of the property is ELH Management.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $29,417,764
- Loan Type: Construction
- Lender: Local Initiatives Support & Neighborhood Restore Housing Development Fund Corporation
- Landlord: ELH Management
The lender, Local Initiatives Support & Neighborhood Restore Housing Development Fund Corporation, played a crucial role in financing this construction project. ELH Management, the landlord, will oversee the management and operation of the property once the construction is complete.
Players
Details
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
Similar Lenders
Unlock All Profiles
Upgrade to Traded Pro for full access to every deal, profile & market insight.Unlimited deal views
Access investor profiles & contacts
Exclusive comps & market data
Go Pro
Similar Brokers
Top Markets for Multifamily Investment ReportFall 2025
Search Address Tool
Enter any address to instantly view nearby comps, investors, brokers, lenders, and a visual map.NEW!
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.
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
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$29,417,764.00
Monthly NOI$196,118.43
Monthly Debt Service$185,940.28
Change in Cash Flow$0.00
Refinance Proceeds$0.00
Is there something missing? Send suggestions