Updated Oct 27, 2026
Donald C. Notice's West Harlem Group Assistance Secures $62.6M Construction Loan From Santander Bank
131 West 129th Street, 131-137 West 129th Street, 137 West 129th Street, 411 West 128th Street, 413 West 128th Street, 148-150 West 129th Street, 148 West 129th Street & 150 West 129th Street
$62,600,000
$700/SF
Building Size
89,344 SF
Asset Type
MultiFamily
Closing
Oct 15, 2026
About this deal
AI
The transaction involves a construction loan secured for the rehabilitation of four properties located at 131-137 West 129th Street, 411-413 West 128th Street, and 148-150 West 129th Street in the Harlem market of Manhattan. These multi-family assets encompass a total square footage of 89,344 and consist of 96 residential units.
Summary of transaction details:
- Property Type: MultiFamily
- Transaction Amount: $62,600,000
- Lender: Santander Bank
- Landlord: Donald C. Notice - West Harlem Group Assistance & Neighborhood Restore
- Loan Type: Construction
- Address: 131-137 West 129th Street, 411-413 West 128th Street & 148-150 West 129th Street
- Market: Harlem, Manhattan
- Units: 96
Donald C. Notice represents West Harlem Group Assistance and Neighborhood Restore in this loan transaction, facilitating the financing necessary for the property rehabilitation project through Santander Bank.
On the Map
$62,600,000
$700/SF
MultiFamily
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Players
West 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
0.25%
Cash-on-Cash
-0.07%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93