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1499 Bruckner Boulevard

Bayrock Capital Secures $6M Refinance Loan From Levon Capital For Development Site In Soundview Bronx
FINANCEDDevelopment Site

Bayrock Capital Secures $6M Refinance Loan From Levon Capital For Development Site In Soundview Bronx

1499 Bruckner Boulevard

$6,000,000

Building Size

Asset Type

Development Site

Closing

Aug 11, 2025

AI

The asset involved in this transaction is a development site located at 1499 Bruckner Boulevard in Soundview, Bronx. The loan associated with this asset was secured for a total amount of $6,000,000 under a refinance agreement.

Summary of transaction details:

  • Property Type: Development Site
  • Transaction Amount: $6,000,000
  • Lender: Levon Capital
  • Landlord: Bayrock Capital
  • Loan Type: Refinance
  • Date: 08/11/2025

Bayrock Capital, through 1499 Bruckner LLC, was the entity that secured the refinance loan from Levon Capital, facilitating the financial transaction for the development site at the specified address.

Players

LC
Levon CapitalLender

Bronx Development Site Market Snapshot

Boundary boundary · Development Site · Loan transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

2.64%

Cash-on-Cash

-0.76%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93