Updated Oct 28, 2024
JCS Realty Secures $105 Million Construction Loan For Mott Haven Multifamily
138 Bruckner Boulevard, The Bronx, New York 10454, United States
$105,000,000
$328/SF
Building Size
319,586 SF
Asset Type
MultiFamily
Closing
Jan 13, 2022
About this deal
AI
A construction loan of $105,000,000 has been secured for a multifamily property located at 138 Bruckner Boulevard in the Mott Haven market. The property spans approximately 319,586 square feet and consists of 447 units.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $105,000,000
- Address: 138 Bruckner Boulevard
- Market: Mott Haven
- Square Footage: 319,586
- Units: 447
The loan was provided by S3 Capital Partners, with Robert Schwartz representing the lender. The ground lessor in the transaction is Montgomery Street Partners, while JCS Realty serves as the developer and ground lessee. The broker for the deal is SPR Group.
Players
New York MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Loan transactions
Loading comparables…
Deal FAQ
Visit Robert Schwartz to view all their deals.
Browse New York multifamily loans on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.15%
Cash-on-Cash
-0.04%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93