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Marat Leschinsky Secures $6.38M Refinance For Mixed-Use Property At 540 Concord Avenue Bronx

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FINANCED
$6,379,000

New York

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Mixed-use24,790 SF
Financed 12/12/2024
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Property Image
FINANCED

Marat Leschinsky Secures $6.38M Refinance For Mixed-Use Property At 540 Concord Avenue Bronx

540 Concord Avenue

See Similar Deals
Mixed-use24,790 SF
Financed 12/12/2024
Contact now

Summary

NEW YORK
Asset Type:Mixed-use
Price Per Square Foot:$257
Total Square Footage:24,790 SF
Transaction Type:Loan

The property asset involved in this transaction is a mixed-use building located at 540 Concord Avenue in the Bronx. The total square footage of the asset is 24,790. This transaction pertains to a loan amount of $6,379,000, specifically a refinance at a rate of 5.75% with a fixed term of 10 years.

Summary of transaction details:

  • Property Type: Mixed-use
  • Transaction Amount: $6,379,000
  • Loan Type: Refinance
  • Loan Terms: 5.75% - 10 Years Fixed
  • Landlord: Marat Leschinsky
  • Broker: Mike Hennessy - Scouter Capital
  • Market: Bronx
  • Address: 540 Concord Avenue
  • Asset Size: 24,790 SF

The deal involves key individuals such as Marat Leschinsky, who is the landlord, and Mike Hennessy representing Scouter Capitalas the broker. The refinancing aspect of this transaction indicates an effort to optimize the financial structure of the property’s existing loan agreements.

Players

Michael (Mike) Hennessy
9 deals$105.7M volume
BROKER

Michael (Mike) Hennessy
Scouter Capital
9 deals$105.7M volume
BROKER

Gcp Capital Group
BROKERAGE

Details

FINANCED
IMAGE: Mike Hennessy DATE: 12/12/2024 ADDRESS: 540 Concord Avenue MARKET: Bronx ASSET TYPE: Mixed-use ~ SF: 24,790 LANDLORD: Marat Leschinsky BROKER: Mike Hennessy - Scouter Capital LOAN AMOUNT: $6,379,000 LOAN TYPE: Refinance LOAN TERMS: 5.75% - 10 Years Fixed

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$6,379,000.00

Monthly NOI$42,526.67
Monthly Debt Service$40,319.62
Change in Cash Flow$0.00
Refinance Proceeds$0.00