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114 Bruckner Boulevard

Updated Sep 10, 2026

Bilt advertisement
Ben Azizi Of BHI Provides $34.5 Million Loan For Rubin Equities Multifamily Development In Bronx
FINANCEDMultiFamily

Ben Azizi Of BHI Provides $34.5 Million Loan For Rubin Equities Multifamily Development In Bronx

114 Bruckner Boulevard

$34,500,000

$402/SF

Building Size

85,686 SF

Asset Type

MultiFamily

Closing

Aug 27, 2026

About this deal

AI

The asset involved in this transaction is a MultiFamily property located at 114 Bruckner Boulevard in the Bronx. The total square footage of the property is 85,686, consisting of 99 units. The total loan amount secured for this property is $34,500,000, classified under construction loan type.

Summary of transaction details:

This transaction showcases key industry stakeholders, including Ben Azizi representing BHI as the lender and Sam Rubin from Rubin Equities as the borrower. The broker facilitating this loan is LCG Capital NY, specifically Liberty Capital Group, highlighting the professional network involved in this property deal.

Players

Sam Rubin

Rubin Equities

Buyer

$113.9M

vol

7 deals

Buyer

Ben Azizi

BHI Miami Limited

Lender

$58.5M

vol

2 deals

Lender

Bronx MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Loan transactions

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Deal FAQ

About $402 per square foot on a published $34.5M for 85,686 square feet (2026).

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.46%

Cash-on-Cash

-0.13%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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