Liliane Kaszovitz Secures $3.6 Million Refinance Loan From Ridgewood Savings Bank For Bronx Multifamily
FINANCED
$3,600,000
New York
See Similar DealsMultiFamily60,269 SF
Financed 02/28/2025
FINANCED
Liliane Kaszovitz Secures $3.6 Million Refinance Loan From Ridgewood Savings Bank For Bronx Multifamily
1183 Gerard Avenue
See Similar DealsMultiFamily60,269 SF
Financed 02/28/2025
Summary
NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$59
Total Square Footage:60,269 SF
Transaction Type:Loan
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.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$3,600,000.00
Monthly NOI$24,000.00
Monthly Debt Service$22,754.45
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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