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Ayush Kapahi Secures $26.2M Refinance Loan From Popular Bank For Bedford Park Multifamily Property

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FINANCED
$26,200,000

New York

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MultiFamily97,462 SF
Financed 06/17/2025
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Property Image
FINANCED

Ayush Kapahi Secures $26.2M Refinance Loan From Popular Bank For Bedford Park Multifamily Property

189 East 205th Street & 193 East 205th Street

See Similar Deals
MultiFamily97,462 SF
Financed 06/17/2025
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Summary

NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$268
Total Square Footage:97,462 SF
Transaction Type:Loan

The property asset involved in this transaction is a multifamily building located at 189 East 205th Street & 193 East 205th Street in Bedford Park, Bronx. The building encompasses a total of 58,815 building square feet, with a total of 48,731 square feet of usable space and consists of 88 residential units.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $26,200,000
  • Loan Amount: $26,200,000
  • Loan Type: Refinance
  • Lender: Popular Bank
  • Landlord: Ayush Kapahi
  • Prior Lender: Valley National Bank

Ayush Kapahi’s entity was the recipient of the refinance loan, which replaced existing debt held with Valley National Bank. Popular Bank acted as the lender for this transaction, facilitating the financial arrangement for the multifamily property.

Players

LENDER

Details

FINANCED
IMAGE: Ayush Kapahi DATE: 06/17/2025 ADDRESS: 189 East 205th Street & 193 East 205th Street MARKET: Bedford Park, Bronx ASSET TYPE: Multifamily ~ BSF: 58,815 ~ SF: 48,731 ~ UNITS: 88 LENDER: Popular Bank (@PopularBank) LANDLORD: Ayush Kapahi LOAN AMOUNT: $26,200,000 LOAN TYPE: Refinance NOTE: Ayush Kapahi’s entity secured a $26.2M refi loan from Popular Bank for an 88-unit Bronx building at 189-193 East 205th Street, replacing prior debt from Valley National Bank.

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$26,200,000.00

Monthly NOI$174,666.67
Monthly Debt Service$165,601.82
Change in Cash Flow$0.00
Refinance Proceeds$0.00