facebook

traded

+ Submit
Home

/

Deals

/

New York

/

Multifamily

/

Loan

/

2260 Bronx Park East

Signature Bank Provides $17.25M Purchase Loan For Bronx Multifamily Property
FINANCEDMultiFamily

Signature Bank Provides $17.25M Purchase Loan For Bronx Multifamily Property

2260 Bronx Park East

$17,250,000

$1/SF

Building Size

17,250,000 SF

Asset Type

MultiFamily

Closing

Aug 15, 2022

AI

2260 Bronx Park East, 2206 Holland Ave., and 730 East 236th Street in Bronx have been involved in a recent closed transaction. The multifamily property consists of 180 units.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $17,250,000
  • Address: 2260 Bronx Park East, 2206 Holland Ave., and 730 East 236th Street
  • Market: Bronx
  • Units: 180

The loan for this transaction was provided by Signature Bank, represented by Paul Kotronis and Joe Fingerman. Judah Hammer, from Meridian Capital Group, served as the broker for the deal.

Note: No additional information was provided regarding the loan type or any other details.

Players

Judah Hammer

CBRE

Broker

$1.3B

vol

36 deals

Broker
Paul Kotronis

Paul Kotronis

Signature Bank

Lender

$60.1M

vol

6 deals

Lender
Signature Bank
Signature BankLender

Bronx MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Loan transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.92%

Cash-on-Cash

-0.26%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93