Titan Capital Provides $4.25M Acquisition Loan For Development Site In Bronx
763 Concourse Village West
$4,250,000
$104/SF
Building Size
40,564 SF
Asset Type
Commercial
Closing
Apr 18, 2022
AI
A development site located at 763 Concourse Village W. in Bronx has been involved in a recent closed transaction. The property has a building square footage (BSF) of 40,564 and is classified as a development site.
Summary of transaction details:
- Property Type: Development Site
- Transaction Amount: $4,250,000
- Date: 04/18/2022
- Market: Bronx
- Image: Peter Cohen
- Lender: Titan Capital
- Landlord: Greg Harvey
- Broker: Peter Cohen - Leviathan Capital
The loan, totaling $4,250,000, was provided by Titan Capital for the acquisition of the property. Greg Harvey serves as the landlord, while Peter Cohen from Leviathan Capital acted as the broker in this transaction.
Players
New York 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
3.73%
Cash-on-Cash
-1.07%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93