facebook
Traded Co logo
Submit

2761 Bronxwood Avenue Multifamily Acquired By 2761 BRONXWOOD LLC With $8M Bridge Loan From BridgeCity Capital- Isaac Blyakher

Property Image
FINANCED
$8,000,000

New York

See Similar Deals
MultiFamily24,965 SF
Financed 03/09/2023
the dealplayerscompscontact
Property Image
FINANCED

2761 Bronxwood Avenue Multifamily Acquired By 2761 BRONXWOOD LLC With $8M Bridge Loan From BridgeCity Capital- Isaac Blyakher

2761 Bronxwood Avenue

See Similar Deals
MultiFamily24,965 SF
Financed 03/09/2023
the dealplayerscompscontact
Contact now

Summary

NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$320
Total Square Footage:24,965 SF
Transaction Type:Loan

The property involved in this closed transaction is a multifamily asset located at 2761 Bronxwood Avenue in the Bronx, New York. It comprises 32 units with a total square footage of 24,965. The deal was closed on 03/09/2023.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $8,000,000
  • Market: Bronx, New York
  • Lender: BridgeCity Capital
  • Borrower: 2761 BRONXWOOD LLC
  • Broker: Isaac Blyakher - BridgeCity Capital
  • Loan Type: Bridge
  • Loan Terms: 12 months; LTV 60%

BridgeCity Capital provided a loan amount of $8,000,000 for the property located at 2761 Bronxwood Avenue. The loan is of bridge type and has a term of 12 months with a 60% loan-to-value ratio. The lender, BridgeCity Capital, is actively financing mixed-use, residential, industrial, and construction projects in various states, including the Tri-State Area and South Florida. For loan inquiries, interested parties can contact [email protected] or visit the lender's website at www.bridgecityfunding.com.

Players

Isaac Blyakher
Blyakher Real Estate
Isaac Blyakher
18 deals$68.5M volume(212) 904-0775
BROKER
BridgeCity Capital
BridgeCity Capital
LENDER

Details

FINANCED
IMAGE: Louis Lebovits & Isaac Blyakher DATE: 03/09/2023 ADDRESS: 2761 Bronxwood Avenue MARKET: Bronx, New York ASSET TYPE: Multifamily ~ UNITS: 32 ~ SF: 24,965 LENDER: BridgeCity Capital (@BridgeCityFunding) BORROWER: 2761 BRONXWOOD LLC BROKER: Isaac Blyakher LOAN AMOUNT: $8,000,000 LOAN TYPE: Bridge LOAN TERMS: 12 months; LTV 60% NOTE FROM LENDER: BridgeCity Capital is actively financing mixed-use, residential, industrial and construction projects in the Tri-State Area, South Florida, and in various other states. Visit us at www.bridgecityfunding.com or send loan inquiries to [email protected]

Stay in the Know

Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.

By subscribing, you agree to our Terms of Service and Privacy Policy.

Similar Deals

Contact

Get in touch with the broker you want

Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$8,000,000.00

Monthly NOI$53,333.33
Monthly Debt Service$50,565.44
Change in Cash Flow$0.00
Refinance Proceeds$0.00