Updated Oct 29, 2024
Valley National Bank Provides $17.9M Construction Loan For Development Site In Bedford Park, Bronx
189 East 205th Street
$17,868,984
$366/SF
Building Size
48,731 SF
Asset Type
Development Site
Closing
Feb 23, 2023
About this deal
AI
The property at 189-193 East 205th Street in Bedford Park, Bronx, has been involved in a loan transaction. The loan was provided by Valley National Bank to SKF Development, represented by Robert J. Teitelbaum. The loan amount for this construction project is $17,868,984. The site is a development site with a building square footage (BSF) of 48,731.
Summary of transaction details
- Property Type: Development Site
- Transaction Amount: $17,868,984
- Address: 189-193 East 205th Street
- Market: Bedford Park, Bronx
- Lender: Valley National Bank
- Landlord: SKF Development - Robert J. Teitelbaum
- BSF: 48,731
- Loan Type: Construction
Valley National Bank provided the construction loan to SKF Development, with Robert J. Teitelbaum representing the landlord. This transaction demonstrates the financial support and commitment to further develop the property at 189-193 East 205th Street in Bedford Park, Bronx.
On the Map
$17,868,984
$366/SF
Development Site
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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
0.89%
Cash-on-Cash
-0.25%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93