Updated Nov 15, 2023
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