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104 W 190th St, The Bronx, ...

Black Bear Capital Partners Arranges $43.8M Loan For Multifamily Portfolio In The Bronx
FINANCEDMultiFamily

Black Bear Capital Partners Arranges $43.8M Loan For Multifamily Portfolio In The Bronx

104 W 190th St, The Bronx, NY 10468, USA

$43,800,000

$36,500/SF

Building Size

1,200 SF

Asset Type

MultiFamily

Closing

Jan 23, 2020

AI

The multifamily properties located at 104 W 190th Street, 1055 Grand Concourse, 1354 Commonwealth Avenue, 2085 Valentine Avenue, 2264 Creston Avenue, and 3425 Knox Place in Bronx have been involved in a recent closed transaction.

Summary of transation details

The deal involved the services of Bryan Manz, Rob Serra, and Emil DePasquale from Black Bear Capital Partners as the brokers representing the parties in the transaction.

Players

Emil DePasquale

Black Bear Capital Partners

Broker

$2.2B

vol

91 deals

Broker
Morgan Stanley
Morgan Stanley Lender

New York MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Loan transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.36%

Cash-on-Cash

-0.10%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93