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Sunrise Equities Acquires Bronx Multifamily Properties For $2.8M Loan

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FINANCED
$2,812,000

New York

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MultiFamily
Financed 06/17/2021
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Property Image
FINANCED

Sunrise Equities Acquires Bronx Multifamily Properties For $2.8M Loan

1131 Forest Avenue

See Similar Deals
MultiFamily
Financed 06/17/2021
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Summary

NEW YORK
Asset Type:MultiFamily
Transaction Type:Loan

A multifamily property located at 1131 Forest Avenue, 3490 Eastchester Road, 1632 Taylor Avenue, and 1041 Lowell Street in the Bronx has been involved in a closed transaction. The property is situated in the Bronx market and falls under the asset type of multifamily.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $2,812,000
  • Address: 1131 Forest Avenue, 3490 Eastchester Road, 1632 Taylor Avenue, and 1041 Lowell Street
  • Market: Bronx

The property is owned by Eddie Sachar and Neer Sachar of Sunrise Equities, who actively seek value add multifamily and mixed-use properties throughout the New York Metro area. For potential deals, brokers can contact Neer directly at [email protected] or (516)776-3195.

Details

FINANCED
IMAGE: Neer Sachar DATE: 06/17/2021 ADDRESS: 1131 Forest Avenue, 3490 Eastchester Road, 1632 Taylor Avenue & 1041 Lowell Street MARKET: Bronx ASSET TYPE: Multifamily LANDLORD: Eddie Sachar & Neer Sachar (@Neer_Sachar) - Sunrise Equities (@Sunrise_Equities) LOAN AMOUNT: $2,812,000 NOTE FROM LANDLORD: Sunrise Equities (@Sunrise_Equities) is actively seeking value add multifamily and mixed use properties throughout the New York Metro area. Brokers, please contact Neer directly with potential deals: šŸ“§ [email protected] šŸ“± (516)776-3195

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$2,812,000.00

Monthly NOI$18,746.67
Monthly Debt Service$17,773.75
Change in Cash Flow$0.00
Refinance Proceeds$0.00