Jonathan Bichoupan Of Beluga Property Group Secures $1.25M Refinance Loan For Mixed-Use Asset In Bronx
962 Woodmansten Place
$1,250,000
$195/SF
Building Size
6,400 SF
Asset Type
Mixed-use
Closing
Apr 23, 2025
About this deal
AI
The asset involved in this transaction is a mixed-use property located at 962 Woodmansten Place in the Bronx. This property covers a total area of 6,400 square feet and comprises 3 units. The refinance loan amount for this property is $1,250,000.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $1,250,000
- Address: 962 Woodmansten Place
- Market: Bronx
- Units: 3
- Lender: Cathay Bank
- Landlord: Jonathan Bichoupan - Beluga Property Group
- Loan Type: Refinance
Key individuals in this transaction include Jonathan Bichoupan, who represents Beluga Property Group, the landlord involved in the deal. Beluga Property Group is actively seeking more opportunities throughout New York City and has provided contact details for further inquiries related to potential deals or acquisition criteria.
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
12.69%
Cash-on-Cash
-3.63%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93