Alpine Capital Bank Refinances Hotel In Mott Haven, Bronx For $7.2M
FINANCED
$7,200,000
New York
See Similar DealsHotel22,274 SF
Financed 08/15/2022
FINANCED
Alpine Capital Bank Refinances Hotel In Mott Haven, Bronx For $7.2M
346 Grand Concourse, The Bronx, New York 10451, United States
See Similar DealsHotel22,274 SF
Financed 08/15/2022
Summary
NEW YORK
Asset Type:Hotel
Price Per Square Foot:$323
Total Square Footage:22,274 SF
Transaction Type:Loan
The property involved in this closed transaction is a hotel located at 346 Grand Concourse in the Mott Haven neighborhood of Bronx. The hotel spans 22,274 square feet.
Summary of Transaction Details
- Property Type: Hotel
- Transaction Amount: $7,200,000
- Address: 346 Grand Concourse
- Market: Mott Haven, Bronx
- Lender: Alpine Capital Bank
- Landlord: REDA Group - Osher Niyazov
- Loan Type: Refinance
The lender for this transaction is Alpine Capital Bank, while the REDA Group represented the landlord, Osher Niyazov. The loan amount for the refinancing was $7,200,000.
Players
Details
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
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$7,200,000.00
Monthly NOI$48,000.00
Monthly Debt Service$45,508.90
Change in Cash Flow$0.00
Refinance Proceeds$0.00
Is there something missing? Send suggestions