Deutsche Bank Provides $162M Loan For Residential Properties In Harlem
FINANCED
$162,000,000
New York
See Similar DealsOther195,842 SF
Financed 11/30/2018
FINANCED
Deutsche Bank Provides $162M Loan For Residential Properties In Harlem
112 E 128th St, New York, NY 10035, USA
See Similar DealsOther195,842 SF
Financed 11/30/2018
Summary
NEW YORK
Asset Type:Other
Price Per Square Foot:$827
Total Square Footage:195,842 SF
Transaction Type:Loan
The residential property located at 112 East 128th Street and 107 East 126th Street in Harlem, New York has been involved in a closed transaction. The property consists of 412 units and was recently sold.
Summary of transaction details
- Property Type: Residential
- Transaction Amount: $162,000,000
- Lender: Deutsche Bank
- Landlord: Tahl Propp Equities and NYC Partnership Housing
- Units: 412
Deutsche Bank provided a loan amount of $162,000,000 for this transaction. The property is owned by Tahl Propp Equities and NYC Partnership Housing.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$162,000,000.00
Monthly NOI$1,080,000.00
Monthly Debt Service$1,023,950.20
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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