Updated Nov 27, 2024
Atlantic Development Group Refinances Multifamily Property In Bedford Park With $11.8M Loan From JLL
3121 Villa Avenue, The Bronx, New York 10468, United States
$11,828,000
$111/SF
Building Size
106,586 SF
Asset Type
MultiFamily
Closing
Sep 14, 2022
About this deal
AI
The multifamily property located at 3121 Villa Avenue in Bedford Park has been recently involved in a refinance loan transaction. This property comprises 111 units and spans approximately 106,586 square feet. The loan was arranged by JLL, with Alyssa D. Berquam representing the lender. The loan amount for this transaction was $11,828,000.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $11,828,000
- Market: Bedford Park
- Address: 3121 Villa Avenue
- Asset Type: Multifamily
- Square Footage: 106,586
- Units: 111
Atlantic Development Group, led by Peter Fine, serves as the landlord for this property. They were involved in the refinance loan transaction alongside JLL. Peter Fine represents Atlantic Development Group in this deal.
On the Map
$11,828,000
$111/SF
MultiFamily
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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
1.34%
Cash-on-Cash
-0.38%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93