Deutsche Bank Provides $162M Loan For Residential Properties In Harlem
112 E 128th St, New York, NY 10035, USA
$162,000,000
$827/SF
Building Size
195,842 SF
Asset Type
Other
Closing
Nov 29, 2018
About this deal
AI
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.
Players
New York Other Market Snapshot
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.10%
Cash-on-Cash
-0.03%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93