Updated Oct 29, 2024
Niv Amodai & Alon Chadad's Immobiliare Capital Group Secures $1.7M Loan For Bronx Multifamily With Sterling National Bank
1549 Selwyn Avenue, The Bronx, NY, USA
$1,715,000
$394/SF
Building Size
4,353 SF
Asset Type
MultiFamily
Closing
Jun 4, 2019
About this deal
AI
The property involved in this transaction is a multifamily asset located at 1549 Selwyn Ave & 307 East 162nd in the Bronx. The property is cross-collateralized and the total loan amount for this transaction is $1,715,000. The transaction took place on 06/05/2019.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,715,000
- Address: 1549 Selwyn Ave & 307 East 162nd
- Market: Bronx
The lender for this transaction is Sterling National Bank. The landlords involved are Niv Amodai and Alon Chadad, who represent Immobiliare Capital Group. The broker representing the deal is Adrian Edery from Paradigm Commercial Real Estate.
New York 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
9.25%
Cash-on-Cash
-2.64%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93