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2377 Belmont Ave, The Bronx...

Updated Mar 11, 2025

925 Capital Acquires Multi Family Property In Bronx, NY With Sabal Financial As Lender
FINANCEDMultiFamily

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

Sabal Capital Partners
Sabal Capital PartnersLender

New York MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Loan transactions

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Deal FAQ

About $18 per square foot on a published $1.3M for 72,000 square feet (2018).

Browse New York multifamily loans on Traded.

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

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