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H&O Capital Funding Provides $4M Loan For Development Site In West Bronx - 2066-2074 Anthony Ave

Property Image
FINANCED
$4,000,000

New York

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Development Site76,617 SF
Financed 02/26/2021
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Property Image
FINANCED

H&O Capital Funding Provides $4M Loan For Development Site In West Bronx - 2066-2074 Anthony Ave

2066 Anthony Avenue, The Bronx, NY, USA

See Similar Deals
Development Site76,617 SF
Financed 02/26/2021
Contact now

Summary

NEW YORK
Asset Type:Development Site
Price Per Square Foot:$52
Total Square Footage:76,617 SF
Transaction Type:Loan

An development site located at 2066-2074 Anthony Ave. in the West Bronx recently underwent a closed property transaction. The site boasts a total buildable square footage (BSF) of 76,617 and is classified as a development site. The deal took place on February 26, 2021.

Summary of transaction details:

  • Property Type: Development Site
  • Transaction Amount: Not specified
  • Address: 2066-2074 Anthony Ave., West Bronx
  • Market: West Bronx
  • BSF: 76,617

Richard D. Salinaro and Daniel J. Houlihan, Jr. represent the seller and buyer respectively in this transaction. Arben Mitaj acts as the landlord.

H&O Capital Funding provided a loan of $4,000,000 for this property deal. Houlihan & O’Malley Commercial Real Estate Services, known for their expertise in Commercial Brokerage services, Private Mortgage services, Appraisal Services, and Advisory services, served as the lender. They have a proven track record of assisting real estate buyers, sellers, lessees, and lessors to achieve their goals. For more information about the loans they offer, please visit their website at www.hom-commercial.com.

Details

FINANCED
IMAGE: Daniel J. Houlihan, Jr. & Richard D. Salinaro DATE: 02/26/2021 ADDRESS: 2066-2074 Anthony Ave. MARKET: West Bronx ASSET TYPE: Development Site ~ BSF: 76,617 LENDER: H&O Capital Funding LANDLORD: Arben Mitaj LOAN AMOUNT: $4,000,000 NOTE FROM LENDER: H&O Capital Funding has helped countless real estate buyers, sellers, lessees and lessors achieve their goals. Our legacy is unwavering commitment to the communities we serve. Houlihan & O’Malley Commercial Real Estate Services specializes in four distinct, yet overlapping, areas of business: Commercial Brokerage services, Private Mortgage services, Appraisal Services and Advisory services. For more information on loans that we offer, visit our website. http://www.hom-commercial.com

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$4,000,000.00

Monthly NOI$26,666.67
Monthly Debt Service$25,282.72
Change in Cash Flow$0.00
Refinance Proceeds$0.00