Updated Jun 30, 2026
VAJA Group Secures $45 Million Refinancing Loan From Amalgamated Bank For 111-Unit Building
2123 Glebe Avenue
$45,000,000
Units
111
Asset Type
MultiFamily
Closing
Jun 18, 2026
About this deal
AI
The asset involved in this closed transaction is a multi-family residential building located at 2123 Glebe Avenue in the Westchester Square market of the Bronx. This property consists of 111 units and has been refinanced for a total loan amount of $45,000,000.
Summary of transaction details:
- Property Type: MultiFamily
- Transaction Amount: $45,000,000
- Address: 2123 Glebe Avenue
- Market: Westchester Square, Bronx
- Lender: Amalgamated Bank
- Landlord: Moses Freund - Vaja Group
- Loan Type: Refinance
In this transaction, VAJA Group, represented by The Glebe Castle LLC, secured the refinancing from Amalgamated Bank to support the multi-family property located at 2123 Glebe Avenue. The arrangement highlights the involvement of key stakeholders in the refinancing process, centering around the landlord Moses Freund and the banking institution facilitating the loan.
On the Map
$45,000,000
MultiFamily
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Players
Brockport 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
0.35%
Cash-on-Cash
-0.10%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93