Daily limit: 0/10
Mendel Kaff Secures $43M Refinance Loan For Soundview Multifamily Building
FINANCED
$43,000,000
New York
See Similar DealsMultiFamily76,643 SF
Financed 07/05/2023
FINANCED
Mendel Kaff Secures $43M Refinance Loan For Soundview Multifamily Building
1466 Watson Ave Bronx, NY 10472, USA
See Similar DealsMultiFamily76,643 SF
Financed 07/05/2023
Summary
NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$561
Total Square Footage:76,643 SF
Transaction Type:Loan
Mendel Kaff has secured a refinance loan of $43 million from Valley National Bank for the residential walkup building located at 1466 Watson Avenue in Soundview, Bronx. The multifamily property spans approximately 76,643 square feet and consists of 116 units.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $43,000,000
- Address: 1466 Watson Avenue
- Market: Soundview, Bronx
- Square Footage: 76,643
- Units: 116
The lender for this refinance transaction is Valley National Bank, with Terence J. McArdle representing the bank. Mendel Kaff, the landlord, successfully secured the loan to facilitate the refinancing of the property.
Players
Details
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Similar Deals
Contact
Get in touch with the broker you want
Similar Lenders
Unlock All Profiles
Upgrade to Traded Pro for full access to every deal, profile & market insight.Unlimited deal views
Access investor profiles & contacts
Exclusive comps & market data
Go Pro
Similar Brokers
Top Markets for Multifamily Investment ReportFall 2025
Search Address Tool
Enter any address to instantly view nearby comps, investors, brokers, lenders, and a visual map.NEW!
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$43,000,000.00
Monthly NOI$286,666.67
Monthly Debt Service$271,789.25
Change in Cash Flow$0.00
Refinance Proceeds$0.00
Is there something missing? Send suggestions