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
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
2.64%
Cash-on-Cash
-0.76%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93