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New York & Tri-State  + Uptown/Bronx  + Finance  | 

Harlem Resi Tower Secures $100M Refi 

Carthage Real Estate Advisors has secured $100 million bridge financing through Dwight Mortgage Trust to refinance West Harlem’s 224 W 124 multifamily property. The loan will settle existing construction debt and support ongoing development. 

Located at 224 West 124th Street, the property features 168 units, including one- to three-bedroom apartments, townhomes, and penthouses. Among them, 51 units qualify as affordable housing under New York State’s expired 421a tax-abatement program. The building offers amenities like a fitness center, yoga room, sauna, children’s playroom, business lounge, and a rooftop deck with barbecue grills.

Part of the Marcus Garvey Village mixed-use development, the property contributes to a larger space comprising 300,000 square feet, incorporating 330 apartments, 3,200 square feet of commercial space, and 7,164 square feet designated for community facilities. 


Inside The Story

About Emily Fu

Emily Fu is Content Director of Connect Commercial Real Estate, where she covers the east coast markets, including New York, Boston & New England, and DC & Mid-Atlantic markets. She produces daily news stories as well as longer-form content, ranging from Q&As to thought-leadership pieces. She also writes feature stories for Connect Money. With previous stints at Reuters, Seeking Alpha, and Commercial Observer, Emily has covered the finance side of the commercial real estate industry, technology, media, telecom (TMT), and fashion. She attended the Columbia Graduate School of Journalism and currently resides in Manhattan.

  • ◦Financing
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