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Spaxel Secures $32.6 Million Refinancing For 128-Unit Multifamily At 1824 Anthony Avenue
FINANCED
$32,600,000
New York
See Similar DealsMultiFamily118,085 SF
Financed 12/11/2025
FINANCED
Spaxel Secures $32.6 Million Refinancing For 128-Unit Multifamily At 1824 Anthony Avenue
1824 Anthony Avenue
See Similar DealsMultiFamily118,085 SF
Financed 12/11/2025
Summary
NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$276
Total Square Footage:118,085 SF
Transaction Type:Loan
The property asset involved in this transaction is a multifamily building located at 1824 Anthony Avenue in the Mt Hope neighborhood of Bronx. The building consists of 128 units and has a total square footage of 118,085. This transaction involves a loan amount of $32,600,000, which is a refinancing arrangement.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $32,600,000
- Address: 1824 Anthony Avenue
- Market: Mt Hope, Bronx
- Asset Type: Multifamily
- Square Footage: 118,085
- Units: 128
- Lender: LaSalle Real Estate Credit Strategies REIT I
- Landlord: Spaxel
- Loan Type: Refinance
Spaxel, through 1824 Anthony Avenue LLC, facilitated the refinancing deal with LaSalle Real Estate Credit Strategies REIT I via JLL, replacing an existing debt of $28.9 million from Metropolitan Commercial Bank.
Details
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$32,600,000.00
Monthly NOI$217,333.33
Monthly Debt Service$206,054.18
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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