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Aleksander Haxhari Secures $11.1M Construction Loan From Northeast Community Bank For Development Site In Bronx

Property Image
FINANCED
$11,100,000

New York

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Development Site
Financed 05/27/2026
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Property Image
FINANCED

Aleksander Haxhari Secures $11.1M Construction Loan From Northeast Community Bank For Development Site In Bronx

2282 Bronx Park East

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Development Site
Financed 05/27/2026
the dealplayerscompscontact
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Summary

NEW YORK
Asset Type:Development Site
Transaction Type:Loan

A construction loan was secured for a development site located at 2282 Bronx Park East in the Allerton neighborhood of Bronx. This site encompasses a total of 32,181 square feet and is designated for a residential project consisting of 53 units. The loan amount totals $11,100,000, facilitating the construction of the proposed housing development.

Summary of transaction details:

  • Property Type: Development Site
  • Transaction Amount: $11,100,000
  • Asset Size: 32,181 BSF
  • Address: 2282 Bronx Park East
  • Market: Allerton, Bronx
  • Lender: Northeast Community Bank
  • Landlord: Aleksander Haxhari

Aleksander Haxhari, representing BPE Realty LLC, has concluded the financing arrangement with Northeast Community Bank for the construction loan aimed at the outlined residential project. This highlights the engagement of BPE Realty LLC in facilitating the development of housing in the Bronx area.

Players

Northeast Community Bank
Northeast Community Bank
LENDER

Details

FINANCED
IMAGE: 05/27/2026 ADDRESS: 2282 Bronx Park East MARKET: Allerton, Bronx ASSET TYPE: Development Site ~ BSF: 32,181 LENDER: Northeast Community Bank LANDLORD: Aleksander Haxhari LOAN AMOUNT: $11,100,000 LOAN TYPE: Construction NOTE: Aleksander Haxhari, through BPE Realty LLC, closed an $11.1 million construction loan with NorthEast Community Bank for a 53-unit, 32,181-square-foot residential project at 2282 Bronx Park East in Allerton, Bronx

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$11,100,000.00

Monthly NOI$74,000.00
Monthly Debt Service$70,159.55
Change in Cash Flow$0.00
Refinance Proceeds$0.00