Updated Oct 28, 2024
Foxy Management Secures $71.3M Loan For Multifamily Property In Morrisania
1332 Clinton Avenue, West Bronx, Bronx, NY, USA
$71,300,000
$852/SF
Building Size
83,678 SF
Asset Type
MultiFamily
Closing
Jul 14, 2021
About this deal
AI
The multifamily property located at 1332 Clinton Avenue in the Morrisania market has recently undergone a closed transaction. The property consists of 150 units with a total square footage of 83,678. The loan amount for this transaction was $71,300,000.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $71,300,000
- Address: 1332 Clinton Avenue
- Market: Morrisania
- Landlord: Foxy Management
- Lender: New York City, New York State Housing Finance Agency & HANAC Inc.
The lender for this transaction was the New York City, New York State Housing Finance Agency & HANAC Inc. The landlord involved in the deal is Foxy Management.
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
0.22%
Cash-on-Cash
-0.06%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93