Meridian Capital Group Secures $4,460,000 Refinance For Mixed-Use Property In Bronx
3190 Riverdale Avenue
$4,460,000
Building Size
—
Asset Type
Mixed-use
Closing
Jul 10, 2026
About this deal
AI
A mixed-use property located at 3190 Riverdale Avenue in the Bronx was the subject of a refinancing transaction. The loan amount secured was $4,460,000 with JP Morgan Chase providing the financing at a rate of 6.24%. The deal was completed in a streamlined timeframe of 23 days.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $4,460,000
- Lender: JP Morgan Chase
- Loan Type: Refinance
- Date of Transaction: 07/10/2026
- Brokers Involved: Daniel Neiss & Avi Weinstock - Meridian Capital Group
Daniel Neiss and Avi Weinstock of Meridian Capital Group played key roles in negotiating the refinance deal for the property, arranging flexible terms for the financing. Their efforts ensured an efficient transaction process, concluding in just 23 days.
On the Map
$4,460,000
Mixed-use
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Players
Bronx Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
3.56%
Cash-on-Cash
-1.02%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93