New York City Economic Development Corp Provides $34M Loan For Harlem Office Building

The office property located at 114 West 125th Street in Harlem has recently been involved in a closed transaction. The property, with a total area of 42,000 square feet, was handled by the lender, New York City Economic Development Corporation. The Children's Aid Society, represented by Phoebe Boyer, served as the landlord in this deal.

Summary of Transaction Details

• Property Type: Office
• Transaction Amount: $34,000,000
• Address: 114 West 125th Street, Harlem
• Market: Harlem
• Landlord: Children's Aid Society - Phoebe Boyer
• Lender: New York City Economic Development Corporation
• Square Footage: 42,000

This transaction involved the collaboration of key individuals and companies. The lender, New York City Economic Development Corporation, provided a loan amount of $34,000,000 for the deal. On the other side, the Children's Aid Society, with Phoebe Boyer as their representative, acted as the landlord in the transaction. This closed deal demonstrates the active and dynamic real estate market in Harlem.