Updated Jun 10, 2025
Bardhok Kodra Secures $27.2 Million Refinance Loan From Wells Fargo For Bronx Multifamily Property
1015 East Gun Hill Road
$27,200,000
Units
84
Asset Type
MultiFamily
Closing
Apr 29, 2025
About this deal
AI
The asset involved in this transaction is a newly built 84-unit residential elevator building located at 1015 East Gun Hill Road in the Williamsbridge neighborhood of the Bronx. The property is categorized as multifamily housing and is positioned in a market that is conducive to residential living.
Summary of transation details:
- Property Type: Multifamily
- Transaction Amount: $27,200,000
- Loan Type: Refinance
- Lender: Wells Fargo
- Landlord: Bardhok Kodra
- Prior Lender: NorthEast Community Bank
The key individuals involved in this transaction include Bardhok Kodra, who serves as the landlord of the property. The refinancing through Wells Fargo replaces previous debt held with NorthEast Community Bank, thereby allowing for updated financing terms for the multifamily asset.
On the Map
$27,200,000
MultiFamily
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Bronx MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.58%
Cash-on-Cash
-0.17%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93