Anshel Fridman Secures $25.1M Construction Loan For Mott Haven Development Site
91 Bruckner Boulevard
$25,100,000
$1,024/SF
Building Size
24,500 SF
Asset Type
Development Site
Closing
Jan 25, 2024
AI
Anshel Fridman's entity, 91 Bruckner Blvd LLC, secured a $25.1 million construction loan from Bank Hapoalim for a development site in Mott Haven, Bronx, at 91 Bruckner Boulevard. The development site has a square footage of 24,500. The loan was granted on January 25, 2024.
Summary of transaction details
- Property Type: Development Site
- Transaction Amount: $25,100,000
- Address: 91 Bruckner Boulevard
- Market: Mott Haven, Bronx
- Lender: Ilana Druyan & David Kesselman - Bank Hapoalim (BHI)
- Landlord: Anshel Fridman
- Loan Type: Construction
Anshel Fridman's entity, 91 Bruckner Blvd LLC, successfully obtained a construction loan of $25.1 million from Bank Hapoalim, represented by Ilana Druyan and David Kesselman, for their development site located at 91 Bruckner Boulevard in Mott Haven, Bronx.
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
0.63%
Cash-on-Cash
-0.18%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93