Updated Oct 29, 2024
Israel Barron Secures $3.2M Loan For Bronx Property With Santander
948 East 179th Street, The Bronx, NY, USA
$3,200,000
$808/SF
Building Size
3,957 SF
Asset Type
MultiFamily
Closing
Jul 28, 2019
About this deal
AI
Located at 948 E. 179th in the Bronx, this property was involved in a recent loan transaction. The loan amount was $3,200,000 and the lender was Santander. The owner of the property is Israel Barron. The transaction took place on July 29, 2019.
Summary of transaction details:
- Address: 948 E. 179th, Bronx
- Loan Amount: $3,200,000
- Lender: Santander
- Owner: Israel Barron
The deal was facilitated by Shlomo Weissberg and Daniel Neiss from Meridian Capital Group, who represented the borrower in this transaction.
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
4.96%
Cash-on-Cash
-1.42%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93