Pistilli Realty Group Secures $31.1M Loan For Multifamily Properties In Tremont & Bronx
1555 Grand Concourse, Bronx, NY, USA
$31,125,000
$143/SF
Building Size
217,095 SF
Asset Type
MultiFamily
Closing
May 2, 2021
AI
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.
Players
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
0.51%
Cash-on-Cash
-0.15%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93