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Simon Kaufman Secures $70M Refinance Loan From Greystone For 151-Unit Multifamily In Bronx
FINANCED
$70,000,000
New York
See Similar DealsMultiFamily129,750 SF
Financed 06/12/2025
FINANCED
Simon Kaufman Secures $70M Refinance Loan From Greystone For 151-Unit Multifamily In Bronx
322 Grand Concourse
See Similar DealsMultiFamily129,750 SF
Financed 06/12/2025
Summary
NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$539
Total Square Footage:129,750 SF
Transaction Type:Loan
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.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$70,000,000.00
Monthly NOI$466,666.67
Monthly Debt Service$442,447.62
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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