Updated Sep 10, 2026
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:
- Property Type: MultiFamily
- Transaction Amount: $34,500,000
- Address: 114 Bruckner Boulevard
- Market: Bronx
- Square Footage: 85,686
- Units: 99
- Lender: Ben Azizi - BHI
- Borrower: Sam Rubin - Rubin Equities
- Broker: LCG Capital NY - Liberty Capital Group
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
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
0.46%
Cash-on-Cash
-0.13%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93