FINANCED
Alpha Realty Facilitates $6.1M Bridge Loan On Bronx Multifamily Property
1699 Topping Avenue
MultiFamily
17,730 SF
17,730 SF
Financed 265 days ago
Summary
Loan
NEW YORK
MultiFamily
17,730 sqft
A multifamily property located at 1699 Topping Avenue in the Bronx has recently undergone a transaction. This property spans over 17,730 square feet and falls under the multifamily asset type category.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $6,100,000
- Loan Type: Bridge
- Loan Terms: Fix rate 9.25%, nonrecourse
The property transaction was facilitated by Alpha Realty, with Lev Mavashev, Jake Gluck, and David Marciano serving as the brokers. As representatives of the landlord, Nicholas Benamou, they played a crucial role in the deal. The loan received for this transaction amounted to $6,100,000 and was classified as a bridge loan. The loan terms include a fixed rate of 9.25% and nonrecourse conditions.
Players
All
5
Agents
3
Agencies
2
Details
FINANCED
IMAGE: Lev Mavashev, Jake Gluck & David Marciano
DATE: 06/28/2023
ADDRESS: 1699 Topping Avenue
MARKET: Bronx
ASSET TYPE: Multifamily ~ SF: 17,730
LANDLORD: Nicholas Benamou
BROKERS: Lev Mavashev, Jake Gluck & David Marciano - Alpha Realty
LOAN AMOUNT: $6,100,000
LOAN TYPE: Bridge
LOAN TERMS: Fix rate 9.25%, nonrecourseView on map
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Address1699 Topping Avenue
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