Updated Mar 4, 2025
Marcus Kay Secures $2.736 Million Acquisition Loan From Ice Capital For Bronx Multifamily Units
1121 Fteley Avenue, 1123 Fteley Avenue & 1127 Fteley Avenue
$2,736,000
$95/SF
Building Size
9,600 SF
Asset Type
MultiFamily
Closing
Feb 27, 2025
About this deal
AI
The properties involved in this transaction are located at 1121 Fteley Avenue, 1123 Fteley Avenue, and 1127 Fteley Avenue in the Bronx. The asset type is multifamily with a total square footage of 9,600 and comprises 12 units in total.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $2,736,000
- Lender: Ice Capital
- Landlord: Marcus Kay
- Broker: Isaac Blyakher - Blyakher Real Estate
- Loan Type: Acquisition
- Loan Terms: 80% LTV, Fixed Rate, 30 Year Term Loan and 30 year Amortization
Isaac Blyakher, representing Blyakher Real Estate, provides tailored financing solutions tailored for investment real estate, including options for acquisition, refinancing, and construction funding. For further inquiries, Isaac can be reached at [email protected] or through the firm’s website.
On the Map
$2,736,000
$95/SF
MultiFamily
View full map
Players
Bronx MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Loan transactions
Loading comparables…
Deal FAQ
Visit Isaac Blyakher 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
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93