Updated Oct 28, 2024
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
About this deal
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.
On the Map
$17,250,000
$1/SF
MultiFamily
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Players
Bronx 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
0.92%
Cash-on-Cash
-0.26%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93