Updated Aug 27, 2025
Builders Group USA Secures $10.3M Refinance Loan From Symetra Life Insurance For Bronx Multifamily Properties
1130 Sherman Avenue, 1334 Findlay Avenue & 1338 Findlay Avenue
$10,300,000
$193/SF
Building Size
17,769 SF
Asset Type
MultiFamily
Closing
Jul 21, 2025
About this deal
AI
A multifamily property transaction took place involving four walkup properties located at 1130 Sherman Avenue, 1334 Findlay Avenue, and 1338 Findlay Avenue in the Bronx's Concourse Village and Claremont Village markets. The properties have a total square footage of 17,769 and consist of 38 units.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $10,300,000
- Lender: Margaret Meister - Symetra Life Insurance
- Landlord: Yitzchok Salamon - Builders Group USA
- Loan Type: Refinance
This refinancing deal involved Builders Group USA, represented by 1130 Sherman LLC, securing a loan from Symetra Life Insurance. The financing highlights the strategic management of their property portfolio within the Bronx area.
Players
Bronx 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
1.54%
Cash-on-Cash
-0.44%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93