Updated Oct 25, 2024
Martin Schwartz's Carroll Place Realty LLC Secures $5.9M Refinance Loan In Concourse Village, Bronx
1112 Carroll Place
$5,919,000
$84/SF
Building Size
70,220 SF
Asset Type
MultiFamily
Closing
Apr 25, 2023
About this deal
AI
Martin Schwartz's Carroll Place Realty LLC has signed a $5.9m refi loan with Greystone & Co. for the 80-unit residential walkup building at 1112 Carroll Place in Concourse Village, Bronx. The property is located in Concourse Village, Bronx and has a market value of $5,919,000. It is a multifamily asset with a total buildable square footage of 106,909, consisting of 70,220 sq ft of built space and 36,761 sq ft of additional air rights.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $5,919,000
- Address: 1112 Carroll Place
- Market: Concourse Village, Bronx
- BSF: 106,909
- SF: 70,220
The lender for this refinance loan is Greystone & Co, represented by N. Tyler Darby. Martin Schwartz is the landlord of the property, acting through his company Carroll Place Realty LLC.
Players
Bronx MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Loan transactions
Loading comparables…
Deal FAQ
Visit Greystone to view all their deals.
Browse Bronx multifamily loans on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.68%
Cash-on-Cash
-0.77%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93