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1183 Gerard Avenue

Liliane Kaszovitz Secures $3.6 Million Refinance Loan From Ridgewood Savings Bank For Bronx Multifamily
FINANCEDMultiFamily

Liliane Kaszovitz Secures $3.6 Million Refinance Loan From Ridgewood Savings Bank For Bronx Multifamily

1183 Gerard Avenue

$3,600,000

$59/SF

Building Size

60,269 SF

Asset Type

MultiFamily

Closing

Feb 28, 2025

AI

The property asset involved in this transaction is located at 1183 Gerard Avenue in the Bronx. This multifamily asset encompasses a total square footage of 60,269 and includes 55 units. The transaction was part of a refinance loan amounting to $3,600,000.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $3,600,000
  • Address: 1183 Gerard Avenue
  • Market: Bronx
  • Asset Size: 60,269 SF
  • Units: 55
  • Lender: Ridgewood Savings Bank
  • Banker: Bryan Lutz
  • Landlord: Liliane Kaszovitz
  • Broker: Michael Muller

The key individuals involved in this transaction include Liliane Kaszovitz, who serves as the landlord, and Michael Muller, the broker handling the deal. Bryan Lutz, representing Ridgewood Savings Bank, was involved as the banker facilitating the loan process.

Players

Michael Muller

Broker

$362.4M

vol

11 deals

Broker
Ridgewood Savings Bank
Ridgewood Savings BankLender

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

4.41%

Cash-on-Cash

-1.26%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93