H&O Capital Funding Provides $4M Loan For Development Site In West Bronx - 2066-2074 Anthony Ave
2066 Anthony Avenue, The Bronx, NY, USA
$4,000,000
$52/SF
Building Size
76,617 SF
Asset Type
Development Site
Closing
Feb 25, 2021
AI
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.
Players
New York 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
3.97%
Cash-on-Cash
-1.13%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93