Andrew Haxhiu Secures $2.45M Acquisition Loan From Arion Fund For Bronx Multifamily Property
FINANCED
$2,450,000
New York
See Similar DealsMultiFamily25,412 SF
Financed 07/15/2025
FINANCED
Andrew Haxhiu Secures $2.45M Acquisition Loan From Arion Fund For Bronx Multifamily Property
1721 Hobart Avenue
See Similar DealsMultiFamily25,412 SF
Financed 07/15/2025
Summary
NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$96
Total Square Footage:25,412 SF
Transaction Type:Loan
The property involved in this transaction is a multifamily asset located at 1721 Hobart Avenue in the Bronx. It encompasses a total square footage of 25,412 and consists of 37 units. The acquisition loan amounts to $2,450,000.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $2,450,000
- Lender: Arion Fund
- Landlord: Andrew Haxhiu
- Broker: Matthew Barbaccia - Brix Real Estate Advisors
- Loan Type: Acquisition
The key individuals involved in this deal include Andrew Haxhiu, who serves as the landlord of the property, and Matthew Barbaccia, representing Brix Real Estate Advisors as the broker in the transaction.
Players
BROKERAGE
LENDER
Details
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$2,450,000.00
Monthly NOI$16,333.33
Monthly Debt Service$15,485.67
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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