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763 Concourse Village West

Titan Capital Provides $4.25M Acquisition Loan For Development Site In Bronx
FINANCEDCommercial

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

Joshua Pomerantz

SP Capital Group

Broker

$142.6M

vol

31 deals

Broker
Titan Capital
Titan CapitalLender

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