JBA Equities Secures $15.5M Permanent Financing For MultiFamily Asset On West 125th Street
24-30 West 125th Street
$15,500,000
$449/SF
Building Size
34,474 SF
Asset Type
MultiFamily
Closing
Dec 16, 2022
AI
The property at 24-30 West 125th Street in New York City has undergone a closed transaction. The multi-family asset spans a total of 34,474 square feet. The deal was facilitated by brokers Eli Terry and Jonathan Aghravi of JBA Equities.
Summary of transaction details
- Property Type: Multi-Family
- Transaction Amount: $15,500,000
- Loan Type: Permanent Financing
The transaction involved a loan amount of $15,500,000, which was secured through permanent financing. This loan will provide the necessary financial support for the property purchase.
Players
Market 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
1.02%
Cash-on-Cash
-0.29%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93