Updated May 18, 2026
Joel Friedman Lands $6,550,000 Refinance Loan For MultiFamily Property In Bronx
3002 Perry Avenue
$6,550,000
Building Size
—
Asset Type
MultiFamily
Closing
Apr 29, 2026
About this deal
AI
The property asset involved in this transaction is a MultiFamily building located at 3002 Perry Avenue in the Bronx. The loan amount secured for this property is $6,550,000, classified as a refinance with a fixed rate of 5.50% over a term of 5 years.
Summary of transaction details:
- Property Type: MultiFamily
- Transaction Amount: $6,550,000
- Lender:
- Landlord: Joel Friedman
- Brokers: Bryan Geffen & Zachary Grossman - Meridian Capital Group
- Loan Type: Refinance
- Loan Terms: 5-year; 5.50% fixed rate
This transaction features key individuals including the landlord, Joel Friedman, who oversees the MultiFamily property, and brokers Bryan Geffen and Zachary Grossman, representing the deal on behalf of Meridian Capital Group.
On the Map
$6,550,000
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
2.42%
Cash-on-Cash
-0.69%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93