facebook
Traded Co logo
Submit
Daily limit: 0/10

JRNK LLC Secures $6M Construction Loan For Residential Project In University Heights, Bronx

Property Image
FINANCED
$6,000,000

New York

See Similar Deals
Development Site17,396 SF
Financed 07/31/2023
the dealplayerscompscontact
Property Image
FINANCED

JRNK LLC Secures $6M Construction Loan For Residential Project In University Heights, Bronx

2216 Aqueduct Ave E Bronx, NY 10453, USA

See Similar Deals
Development Site17,396 SF
Financed 07/31/2023
the dealplayerscompscontact
Contact now

Summary

NEW YORK
Asset Type:Development Site
Price Per Square Foot:$344
Total Square Footage:17,396 SF
Transaction Type:Loan

An loan has been secured by Ndricim Kastrati, representing JRNK LLC, for a new construction project at 2216 Aqueduct Avenue in University Heights, Bronx. The loan amount is $6,000,000 and has been provided by Bayport Funding.

Summary of transaction details

  • Property Type: Development Site
  • Transaction Amount: $6,000,000
  • Address: 2216 Aqueduct Avenue, University Heights, Bronx
  • Market: University Heights, Bronx
  • Asset Type: Development Site
  • Building Square Footage (BSF): 17,396
  • Lender: Bayport Funding
  • Landlord: Ndricim Kastrati

The loan obtained by Ndricim Kastrati from Bayport Funding is a construction loan for a 25-unit residential project in University Heights, Bronx. This funding will support the development and construction of the project, providing housing options in the area.

Players

Bayport Funding
Bayport Funding
LENDER

Details

FINANCED
IMAGE: 07/31/2023 ADDRESS: 2216 Aqueduct Avenue MARKET: University Heights, Bronx ASSET TYPE: Development Site ~ BSF: 17,396 LENDER: Bayport Funding (BayportFunding) LANDLORD: Ndricim Kastrati LOAN AMOUNT: $6,000,000 LOAN TYPE: Construction NOTE: Ndricim Kastrati, representing JRNK LLC, has secured a $6 million new construction loan from Bayport Funding for a 25-unit residential project at 2216 Aqueduct Avenue in University Heights, Bronx.

Stay in the Know

Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.

By subscribing, you agree to our Terms of Service and Privacy Policy.

Similar Deals

Contact

Get in touch with the broker you want

Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$6,000,000.00

Monthly NOI$40,000.00
Monthly Debt Service$37,924.08
Change in Cash Flow$0.00
Refinance Proceeds$0.00