Icer of 133 Edgecombe LLC obtained financing of $5M from CBRE Capital Markets

Icer of 133 Edgecombe LLC as borrower signed a loan agreement with lender CBRE Capital Markets, Inc. valued at $5.4 million for 2 parcels, including the tax class multifamily, old law tenements (C4) and containing 30 residential units at 133 Edgecombe Avenue, 610 St Nicholas Avenue in Central Harlem. The deal closed on May 29, 2019 and was recorded on August 26, 2019.
The property contains a total of 9,470 square feet of built space. The property has 2,667 square feet of available development rights.
The average loan per unit is $178,893.
The last time the property sold was May 29, 2019, for $2,630,000.

Direct link to Acris document. link
Direct link to the city’s interactive property map, ZOLA. link

Share this article