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HUBBNYC Acquires Mixed-Use Property In Harlem For $105M

54-62 West 125th Street
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This Mixed-use property located in NY was sold for $26,500,000 almost 6 years ago. The brokers of the deal were Morris Betesh, Dov Jeremias, Daniel Belecen, Victor Sozio, Shimon Shkury, Michael Tortorici, Matthew (Matt) Gillis, and Jesse Greshin

The mixed-use property located at 56 West 125th Street in Harlem was recently sold in September 2021. The transaction involved the sale of the property for a total amount of $105,000,000. The property consists of 141 units and had a price per unit of $744,680.

Summary of transaction details

  • Property Type: Mixed-use
  • Transaction Amount: $105,000,000
  • Address: 56 West 125th Street, Harlem
  • Units: 141
  • Price per Unit: $744,680

The buyers of the property were John McCarthy and Jesse Terry, representing @HUBBNYC. The seller involved in the transaction was the Jay Group.

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Deals
  • Location
    54 W 125th St, New York, NY 10027, USA54 W 125th St, New York, NY 10027, USA
  • Sale Price
    $26,500,000$26,500,000
    $29 PPSF$29 PPSF
  • Area
    890,000 SF890,000 SF
  • Asset Type
    Mixed-useMixed-use
  • Parties
    8 Brokers, 2 Agencies, 1 Lender8 Brokers, 2 Agencies, 1 Lender

Agents

Victor Sozio

Victor Sozio

Deals80
Financed$1.8B

Jesse Greshin

Jesse Greshin

Deals2
Sold$26.5M

Daniel Belecen

Daniel Belecen

Deals2
Financed$36.5M

Agencies

Meridian Capital Group

Meridian Capital Group

Agency
Deals2414
Volume$65.9B

Ariel Property Advisors

Ariel Property Advisors

Agency
Deals456
Volume$7B

Centennial Bank

Centennial Bank

Lender
Deals31
Volume$ 164.5B

Deal Summary

  SALE IMAGE: Jesse Terry & John McCarthy DATE: 09/2021 ADDRESS: 56 West 125th Street MARKET: Harlem ASSET TYPE: Mixed-use BUYER: @HUBBNYC - John McCarthy & Jesse Terry SELLER: Jay Group SALE PRICE: $105,000,000 UNITS: 141 ~ PPU: $744,680

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54-62 West 125th Street

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