Updated Oct 29, 2024
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
About this deal
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.
On the Map
$43,800,000
$36,500/SF
MultiFamily
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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