Updated May 18, 2026
FINANCEDDevelopment Site
AG Holding Group Secures $17 Million Construction Loan From Kearny Bank For Bronx Development Site
21 East 198th Street
$17,000,000
Units
67
Asset Type
Development Site
Closing
Apr 17, 2026
About this deal
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On the Map
$17,000,000
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
0.93%
Cash-on-Cash
-0.27%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93