Updated Aug 5, 2026
Jeff Froccaro, Simon Rosenfeld & Bryan Grimm Acquire Mixed Use Properties In New York And Secure $118.5M Refinance Loan From BMO
Theater House / 114 West 86th / 315 5th Avenue
$118,500,000
$1,851/SF
Building Size
64,000 SF
Asset Type
MultiFamily
Closing
Jan 9, 2023
About this deal
AI
The recently closed transaction involved a mixed-use property located at 237 East 34th Street, 114 West 86th, and 315 5th Avenue in the New York market. Offering a total square footage of 64,000, this property attracted attention from various parties.
Summary of transaction details
- Property Type: Mixed Use
- Transaction Amount: $118,500,000
- Lender: BMO - Jeff Froccaro
- Brokers: Simon Rosenfeld & Bryan Grimm - Meridian Capital Group
- Loan Type: Refinance
Heading the transaction, BMO's representative, Jeff Froccaro, facilitated the loan process. The brokers, Simon Rosenfeld and Bryan Grimm, from Meridian Capital Group, also played a crucial role in the deal. The successful refinancing of this property showcases their expertise and knowledge in the market.
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New York, NY 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
0.13%
Cash-on-Cash
-0.04%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93