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2727 Henry Hudson Parkway W...

Updated Feb 16, 2024

Kearny Bank Provides $24M Refinance Loan For 2727 Henry Hudson Pkwy. W. Multifamily Property
FINANCEDMultiFamily

Kearny Bank Provides $24M Refinance Loan For 2727 Henry Hudson Pkwy. W. Multifamily Property

2727 Henry Hudson Parkway West, The Bronx, New York 10463, United States

$24,000,000

$254/SF

Building Size

94,430 SF

Asset Type

MultiFamily

Closing

Oct 19, 2021

About this deal

AI

The multifamily property located at 2727 Henry Hudson Pkwy. W. in Spuyten Duyvil has recently undergone a refinancing transaction. The property spans approximately 94,430 square feet and consists of 57 units.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $24,000,000
  • Lender: Kearny Bank
  • Landlord: Abraham Strulovitch

In the refinancing deal for 2727 Henry Hudson Pkwy. W., Kearny Bank served as the lender. The landlord, Abraham Strulovitch, successfully secured a loan amount of $24,000,000 for the property.

The multifamily loan at 2727 Henry Hudson Parkway West, The Bronx, New York 10463, United States in New York, New York financed for $24M in 2021. The building is 94,430 square feet, implying about 254 per square foot on the published price. This page is the New York, New York file for the 2727 Henry Hudson Parkway West, The Bronx, New York 10463, United States multifamily financed: pricing, party profiles, and other closed multifamily comps from the same New York sit in the Market section below. Filter that New York multifamily set by closing date to see what else financed near 2727 Henry Hudson Parkway West, The Bronx, New York 10463, United States around 2021. Published consideration for 2727 Henry Hudson Parkway West, The Bronx, New York 10463, United States is $24M, dated 2021. Cite this Kearny Bank Provides $24M Refinance Loan For 2727 Henry Hudson Pkwy. W. Multifamily Property loan when underwriting similar multifamily product around New York, New York.

Players

Kearny Bank
Kearny BankLender

New York MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Loan transactions

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Deal FAQ

About $254 per square foot on a published $24M for 94,430 square feet (2021).

Browse New York multifamily loans on Traded.

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.66%

Cash-on-Cash

-0.19%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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