Israel Discount Bank Of New York Acquires Residential Property In Harlem For $31M
145 W 110th St, New York, NY 10026, USA
$31,000,000
$30,693/SF
Building Size
1,010 SF
Asset Type
Other
Closing
Sep 24, 2018
About this deal
AI
Israel Discount Bank of New York (IDB Bank) provided a loan of $31,000,000 for the residential property located at 145 West 110th Street in the Harlem market. The developer behind this project is Einhorn Development Group.
Summary of transaction details:
- Property Type: Residential
- Transaction Amount: $31,000,000
- Lender: Israel Discount Bank of New York (IDB Bank) – Lilach Asher-Topilsky
- Developer: Einhorn Development Group
- Address: 145 West 110th Street
- Market: Harlem
Lilach Asher-Topilsky from Israel Discount Bank of New York (IDB Bank) handled the loan for this residential project.
On the Map
$31,000,000
$30,693/SF
Other
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.51%
Cash-on-Cash
-0.15%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93