MZS Realty Secures $18.5M Refinance From Amalgamated Bank For Mixed-Use Property In Bronx

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.