Updated Aug 24, 2026
Domenick Makaj Secures $10.2 Million Refinance Loan From SM Capital For Bronx Multifamily
2316 Wallace Avenue & 1413 Prospect Avenue
$10,200,000
$122/SF
Building Size
68,750 SF
Asset Type
MultiFamily
Closing
Aug 10, 2026
About this deal
AI
The property asset involved in this transaction is a MultiFamily type located at 2316 Wallace Avenue & 1413 Prospect Avenue in the Bronx. It comprises a total square footage of 83,595 and includes 91 units.
Summary of transaction details:
- Property Type: MultiFamily
- Transaction Amount: $10,200,000
- Market: Bronx
- Lender: SM Capital, Inc.
- Borrower: Domenick Makaj
- Loan Type: Refinance
Key individuals in this transaction include the lender SM Capital, Inc., which provided the refinance loan, and the borrower Domenick Makaj, who is responsible for the loan repayment.
On the Map
$10,200,000
$122/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
1.56%
Cash-on-Cash
-0.44%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93