Apollo Global Real Estate Management Provides $50M Loan For Garage/Showroom In Harlem
207 E 127th St, New York, NY 10035, Estados Unidos
$50,000,001
$54/SF
Building Size
913,550 SF
Asset Type
Other
Closing
Oct 20, 2020
About this deal
AI
The property asset involved in this transaction is a Garage/Showroom located at 207 East 127th Street in Harlem. The property is zoned as M3-1. The loan transaction date is October 21, 2020. The property is owned by Potamkin Automotive Group and the lender for this transaction is Apollo Global Real Estate Management. The loan amount for this transaction is $50,000,001. The property spans a total of 91,355 square feet.
Summary of transaction details
- Property Type: Garage/Showroom
- Transaction Amount: $50,000,001
- Transaction Date: October 21, 2020
- Address: 207 East 127th Street
- Market: Harlem
- Zoning: M3-1
- Landlord: Potamkin Automotive Group
- Lender: Apollo Global Real Estate Management
- Square Footage: 91,355
In this transaction, Potamkin Automotive Group serves as the landlord for the property located at 207 East 127th Street in Harlem. Apollo Global Real Estate Management acts as the lender, providing a loan amount of $50,000,001. The property, classified as a Garage/Showroom, spans a total of 91,355 square feet.
Players
New York Other Market Snapshot
Boundary boundary · Other · Loan transactions
Loading comparables…
Deal FAQ
Browse New York other loans on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.32%
Cash-on-Cash
-0.09%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93