Daily limit: 0/10
Flushing Bank Purchases Pre-Foreclosure Notes From Nussbaum Realty Group For $10.455M
SOLD
$10,455,000
New York
See Similar DealsSold 05/22/2025
SOLD
Flushing Bank Purchases Pre-Foreclosure Notes From Nussbaum Realty Group For $10.455M
2541 Amsterdam Avenue, 99 Marble Hill Avenue & 2510 Tratman Avenue
See Similar DealsSold 05/22/2025
Summary
NEW YORK
Transaction Type:Sale
The transaction involved three pre-foreclosure notes secured by Nussbaum Realty Group residential buildings located in Manhattan and the Bronx. The sale price for these notes totaled $10,455,000.
Summary of transaction details:
- Property Type: Note / Loan
- Transaction Amount: $10,455,000
- Buyer: Flushing Bank
- Seller: Nussbaum Realty Group
- Transaction Date: 05/22/2025
- Market: Manhattan & Bronx
The notes were sold to Bronx 3 Pack Lender LLC by Flushing Bank, representing a significant deal involving multiple properties in the specified locations.
Players
SELLER
Details
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Similar Deals
Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$557,599.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$37,144.41
Cash-on-Cash Return-1.27%
Monthly Debt Service$49,562.03
Annual Debt Service$594,744.41
Is there something missing? Send suggestions