Pistilli Realty Group Secures $31.1M Loan For Multifamily Properties In Tremont & Bronx
FINANCED
$31,125,000
New York
See Similar DealsMultiFamily217,095 SF
Financed 05/03/2021
FINANCED
Pistilli Realty Group Secures $31.1M Loan For Multifamily Properties In Tremont & Bronx
1555 Grand Concourse, Bronx, NY, USA
See Similar DealsMultiFamily217,095 SF
Financed 05/03/2021
Summary
NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$143
Total Square Footage:217,095 SF
Transaction Type:Loan
The multifamily property located at 1555 Grand Concourse & 655 Pelham Parkway North in Tremont & Bronx has been involved in a recent loan transaction.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $31,125,000
- Address: 1555 Grand Concourse & 655 Pelham Parkway North
- Market: Tremont & Bronx
- Asset Type: Multifamily
The lender for this transaction is Signature Bank, providing a loan amount of $31,125,000. The property, which spans 217,095 square feet and consists of 235 units, is owned by Pistilli Realty Group.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$31,125,000.00
Monthly NOI$207,500.00
Monthly Debt Service$196,731.17
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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