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962 Woodmansten Place

Jonathan Bichoupan Of Beluga Property Group Secures $1.25M Refinance Loan For Mixed-Use Asset In Bronx
FINANCEDMixed-use

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

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

Max Ralby

Newmark

Broker

$3.8B

vol

74 deals

Broker
Cathay Bank
Cathay BankLender
Jonathan Bichoupan

Jonathan Bichoupan

Landlord

$29.9M

vol

9 deals

Landlord

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