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
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