Updated Jun 25, 2025
Simon Kaufman Secures $70M Refinance Loan From Greystone For 151-Unit Multifamily In Bronx
322 Grand Concourse
$70,000,000
$539/SF
Building Size
129,750 SF
Asset Type
MultiFamily
Closing
Jun 12, 2025
About this deal
AI
A multifamily residential building located at 322 Grand Concourse in Mott Haven, Bronx is part of the recent financial transaction. The property encompasses 129,750 square feet and consists of 151 units, representing a significant asset in the area.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $70,000,000
- Loan Type: Refinance
- Lender: Greystone
- Landlord: Simon Kaufman
Simon Kaufman’s 336 Grand Concourse LLC was the entity that secured the refinancing loan from Greystone & Co. This transaction underscores the active real estate financing landscape within the Bronx region.
On the Map
$70,000,000
$539/SF
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
0.23%
Cash-on-Cash
-0.06%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93