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
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.
Players
Avenue Commercial Market Snapshot
Boundary boundary · Commercial · Loan transactions
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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