Aron Gittleson & Allen Weinstein Of CDK Capital Provide $9,250,000 Loan For Development Site In Bronx
1342 Inwood Avenue
$9,250,000
$164/SF
Building Size
56,250 SF
Asset Type
Development Site
Closing
Apr 23, 2026
AI
The property asset involved in the transaction is located at 1342 Inwood Avenue, Bronx, and is characterized as a development site with a total square footage of 56,250 and a buildable square footage of 139,742. The loan amount secured for this acquisition is $9,250,000.
Summary of transaction details:
- Property Type: Development Site
- Transaction Amount: $9,250,000
- Market: Bronx
- Lender: Aron Gittleson & Allen Weinstein - CDK Capital
- Landlord: Sam Rubin
- Loan Type: Acquisition
Key individuals involved in this deal include lenders Aron Gittleson and Allen Weinstein, representing CDK Capital, who facilitated the financing for the acquisition. The landlord of the property is Sam Rubin, who retains ownership of the site involved in this transaction.
Players
Bronx Development Site Market Snapshot
Boundary boundary · Development Site · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.71%
Cash-on-Cash
-0.49%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93