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MZS Realty Secures $18.5M Refinance From Amalgamated Bank For Mixed-Use Property In Bronx
FINANCED
$18,500,000
New York
See Similar DealsCommercial39,211 SF
Financed 02/27/2026
FINANCED
MZS Realty Secures $18.5M Refinance From Amalgamated Bank For Mixed-Use Property In Bronx
414 East 152nd Street
See Similar DealsCommercial39,211 SF
Financed 02/27/2026
Summary
NEW YORK
Asset Type:Commercial
Price Per Square Foot:$471
Total Square Footage:39,211 SF
Transaction Type:Loan
The property at 414 East 152nd Street, located in the Melrose area of the Bronx, encompasses a commercial asset with a total square footage of 39,211. This mixed-use property includes 44 residential units and two commercial units. The recent refinancing transaction involves an amount of $18,500,000.
Summary of transaction details:
- Property Type: Commercial
- Transaction Amount: $18,500,000
- Lender: Amalgamated Bank
- Landlord: Shaya Seidenfeld - MZS Realty
- Loan Type: Refinance
- Prior Debt: $13,000,000 from Ponce Bank
- Entity Involved: MZS Realty, via Melrose Manor LLC
Shaya Seidenfeld represents MZS Realty in this financing transaction, facilitating the refinancing process to secure better terms for the property located at 414 East 152nd Street.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$18,500,000.00
Monthly NOI$123,333.33
Monthly Debt Service$116,932.58
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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