Updated Oct 29, 2024
Valley National Bank Provides $125M Refinance Loan For Bronx Multifamily Property
224 E 135th St, The Bronx, NY 10451, USA
$65,000,000
$221/SF
Building Size
293,831 SF
Asset Type
MultiFamily
Closing
Jun 20, 2019
About this deal
AI
The multifamily property located at 224-228 East 135 Street in the Bronx has undergone a refinance transaction. The loan, provided by Valley National Bank, has a value of $125,000,000. Chess Builders is the landlord of the property, and the deal was facilitated by Isaac Filler, Yossi Koschitzki, and Elliot Levy from Meridian Capital Group.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $125,000,000
- Address: 224-228 East 135 Street, Bronx
- Lender: Valley National Bank
- Landlord: Chess Builders
- Brokers: Isaac Filler, Yossi Koschitzki, Elliot Levy - Meridian Capital Group
The individuals involved in this transaction, Isaac Filler, Yossi Koschitzki, and Elliot Levy from Meridian Capital Group, played a key role in securing the loan from Valley National Bank for the multifamily property located at 224-228 East 135 Street in the Bronx.
Players
New York MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Loan transactions
Loading comparables…
Deal FAQ
Visit Isaac Filler to view all their deals.
Browse New York multifamily loans on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.24%
Cash-on-Cash
-0.07%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93