Cross River Bank Provides $1.3M Loan For Multifamily Property Acquisition On Daly Avenue, Bronx
FINANCED
$1,300,000
New York
See Similar DealsMultiFamily10,440 SF
Financed 07/07/2020
FINANCED
Cross River Bank Provides $1.3M Loan For Multifamily Property Acquisition On Daly Avenue, Bronx
2076 Daly Avenue, Bronx, NY 10460, USA
See Similar DealsMultiFamily10,440 SF
Financed 07/07/2020
Summary
NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$124
Total Square Footage:10,440 SF
Transaction Type:Loan
The multifamily property located at 2076 Daly Avenue in the Bronx has recently undergone a loan transaction. The loan amount for this transaction is $1,300,000. The lender involved in this deal is Cross River Bank, while the landlord is Sean Murray. The broker representing this transaction is Matthew Murphy from ERG CRE.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,300,000
- Lender: Cross River Bank
- Landlord: Sean Murray
- Broker: Matthew Murphy - ERG CRE
This transaction showcases the collaboration between Cross River Bank, as the lender, and Sean Murray as the landlord. Matthew Murphy from ERG CRE acted as the broker for this multifamily property loan transaction at 2076 Daly Avenue in the Bronx.
Players
Details
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Similar Deals
Contact
Get in touch with the broker you want
Similar Lenders
Unlock All Profiles
Upgrade to Traded Pro for full access to every deal, profile & market insight.Unlimited deal views
Access investor profiles & contacts
Exclusive comps & market data
Go Pro
Similar Brokers
Top Markets for Multifamily Investment ReportFall 2025
Search Address Tool
Enter any address to instantly view nearby comps, investors, brokers, lenders, and a visual map.NEW!
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$1,300,000.00
Monthly NOI$8,666.67
Monthly Debt Service$8,216.88
Change in Cash Flow$0.00
Refinance Proceeds$0.00
Is there something missing? Send suggestions