Updated Jul 13, 2026
MDL RE Holdings Secures $30 Million Loan From TD Bank For Commercial Properties In Manhattan And Brooklyn
241-10 Hillside Avenue, 32-21 Newtown Avenue, 52 Avenue A & 764 Carroll Street
Building Size
—
Asset Type
Commercial
Closing
Jun 26, 2026
About this deal
AI
The transaction involves four commercial properties located at 241-10 Hillside Avenue, 32-21 Newtown Avenue, 52 Avenue A, and 764 Carroll Street in the markets of Manhattan and Brooklyn. MDL RE Holdings secured a loan of $30 million from TD Bank specifically for these properties, which include several Key Food locations.
Summary of transaction details:
- Property Type: Commercial
- Transaction Amount: $30 million
- Lender: TD Bank
- Landlord: Gaven Leib - MDL RE Holdings
- Location: Manhattan & Brooklyn
MDL RE Holdings, through its entity 130 7th Avenue Realty LLC and affiliated entities, facilitated this loan to finance the acquisition and ownership of the mentioned commercial properties.
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Commercial
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Deal FAQ
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93