Douglaston Development Secures $30 Million Refinance Loan From Wells Fargo For Retail Condominium In Harlem
130 Lenox Avenue
$30,000,000
$249/SF
Building Size
120,121 SF
Asset Type
Retail
Closing
Oct 6, 2026
About this deal
AI
The asset involved in this transaction is a retail condominium located at 130 Lenox Avenue in Harlem, Manhattan, comprising a total square footage of 120,121. The refinancing secured amounts to $30 million, indicating the financial investment made toward this property.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $30,000,000
- Lender: Wells Fargo
- Landlord: Jed Resnick - Douglaston Development
- Loan Type: Refinance
Jed Resnick of Douglaston Development is the landlord associated with this refinancing deal. The lender for the transaction is Wells Fargo, highlighting the financial institution involved in supporting the refinancing process for the retail condominium.
On the Map
$30,000,000
$249/SF
Retail
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Players
Lenox Retail Market Snapshot
Boundary boundary · Retail · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.53%
Cash-on-Cash
-0.15%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93