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
- Property Type: Multifamily
- Transaction Amount: $43,800,000
- Lender: Morgan Stanley
- Brokers: Bryan Manz, Rob Serra, & Emil DePasquale – Black Bear Capital Partners
- Loan Terms: 3.74%
- Units: 305 (300 residential, 5 commercial)
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
New York 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
0.36%
Cash-on-Cash
-0.10%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93