Updated Mar 11, 2026
Bogopa Enterprises And Shorewood Real Estate Group Refinance Development Site In Mott Haven For $28.5M
350 Grand Concourse
$28,500,000
Building Size
—
Asset Type
Development Site
Closing
Mar 3, 2026
About this deal
AI
A development site located at 350 Grand Concourse in Mott Haven, Bronx, has a building square footage of 187,222. The recent refinancing of this property was facilitated through a loan amount of $28,500,000.
Summary of transaction details:
- Property Type: Development Site
- Transaction Amount: $28,500,000
- Loan Type: Refinance
- Lender: PCCP
- Landlord: Bogopa Enterprises & Shorewood Real Estate Group
The refinancing transaction involved Bogopa Enterprises and Shorewood Real Estate Group, who replaced their prior debt of $20,000,000 with the new loan from PCCP. This strategic move underscores their commitment to the property development market in the Mott Haven area.
On the Map
$28,500,000
Development Site
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Players
Bronx Development Site Market Snapshot
Boundary boundary · Development Site · Loan transactions
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Deal FAQ
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.56%
Cash-on-Cash
-0.16%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93