Updated Mar 11, 2025
925 Capital Acquires Multi Family Property In Bronx, NY With Sabal Financial As Lender
2377 Belmont Ave, The Bronx, NY 10458, USA
$1,327,000
$18/SF
Building Size
72,000 SF
Asset Type
MultiFamily
Closing
Feb 28, 2018
About this deal
AI
The multi-family property located at 2377 Belmont Avenue, Bronx, NY has been refinanced. The landlord of the property is 925 Capital represented by @jonnyyuna and David Flusberg. The lending institution involved in the transaction is Sabal Financial, with Pat Jackson serving as their representative. The refinancing amount is $1,327,000 at an interest rate of 3.97%. The property spans over an area of 7,200 square feet.
Summary of transation details
- Property Type: Multi Family
- Transaction Amount: $1,327,000
- Landlord: 925 Capital (represented by @jonnyyuna and David Flusberg)
- Lender: Sabal Financial (represented by Pat Jackson)
- Interest Rate: 3.97%
- Square footage: 7,200 sf
- Address: 2377 Belmont Avenue, Bronx, NY
Pat Jackson, serving as the representative for Sabal Financial, played a crucial role in facilitating the refinancing transaction for the multi-family property at 2377 Belmont Avenue, Bronx. His expertise and involvement ensured the successful completion of the deal, benefitting both the landlord, 925 Capital, and the lender, Sabal Financial.
Players
New York 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
11.95%
Cash-on-Cash
-3.42%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93