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2069 Honeywell Avenue

Updated Nov 15, 2023

Orange Bank & Trust Company Provides $14.95M Refinance Loan For West Farms Multifamily
FINANCEDMultiFamily

Orange Bank & Trust Company Provides $14.95M Refinance Loan For West Farms Multifamily

2069 Honeywell Avenue

$14,950,000

Units

51

Asset Type

MultiFamily

Closing

Jan 25, 2023

About this deal

AI

A multifamily property located at 2069 Honeywell Avenue in West Farms, Bronx was recently involved in a refinance loan transaction. The property consists of 51 units and the loan amount was valued at $14,950,000. Orange Bank & Trust Company, represented by Antonio J. Vinciguerra, served as the lender in this transaction. The property is owned by Abraham Biller.

Summary of Transaction Details

  • Property Type: Multifamily
  • Transaction Amount: $14,950,000
  • Address: 2069 Honeywell Avenue
  • Market: West Farms, Bronx
  • Units: 51
  • Lender: Orange Bank & Trust Company - Antonio J. Vinciguerra
  • Landlord: Abraham Biller

This refinance loan transaction involved key individuals and companies such as Orange Bank & Trust Company and Antonio J. Vinciguerra as the lender's representative. Abraham Biller is the landlord of the property. The transaction took place in the West Farms neighborhood of the Bronx.

Players

Ottawa MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Loan transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

1.06%

Cash-on-Cash

-0.30%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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