Bank Hapoalim B.M. Provides $19M Construction Loan For Mixed-Use Property In Riverdale
3893 Waldo Avenue, The Bronx, New York 10463, United States
$19,000,000
$413,043/SF
Building Size
46 SF
Asset Type
Mixed-use
Closing
Aug 11, 2022
AI
The mixed-use property located at 3893 Waldo Avenue in Riverdale has been involved in a recent transaction. The property spans approximately 46,500 square feet, making it a significant asset in the area.
Summary of transaction details
- Property Type: Mixed-Use
- Transaction Amount: $19,000,000
- Address: 3893 Waldo Avenue
- Market: Riverdale
- Lender: Bank Hapoalim B.M. - New York (BHI) - Ben Azizi
- Landlord: Timber Equities - Jeff Torkin & Joe Seidenfeld
- Brokers: Meir Kessner & David Eisen - Sevenstone Capital
The loan for this transaction was provided by Bank Hapoalim B.M. - New York (BHI), with Ben Azizi representing the lender. The landlord of the property is Timber Equities, represented by Jeff Torkin and Joe Seidenfeld. The deal was facilitated by brokers Meir Kessner and David Eisen from Sevenstone Capital.
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
0.83%
Cash-on-Cash
-0.24%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93