Updated May 12, 2026
PGIM Real Estate & Fetner Properties Secures $47.6M Loan From JP Morgan For Bronx Multifamily Asset
3260 Henry Hudson Parkway
$47,600,000
Units
127
Asset Type
MultiFamily
Closing
Apr 20, 2026
About this deal
AI
The property asset involved in the transaction is a multi-family building located at 3260 Henry Hudson Parkway, Bronx. The property comprises 127 units and is centered within a market conducive to multi-family investment. The loan amount secured for this acquisition is $47,600,000.
Summary of transaction details:
- Property Type: MultiFamily
- Transaction Amount: $47,600,000
- Lender: JP Morgan
- Landlord: PGIM Real Estate & Fetner Properties
- Landlord's Representative: Max Ralby & Capri Van Gilder - Newmark
- Loan Type: Acquisition
The key individuals involved in this transaction include Max Ralby and Capri Van Gilder, who represent PGIM Real Estate and Fetner Properties in this deal. Their role as landlord's representatives is crucial for facilitating the loan agreement with JP Morgan.
On the Map
$47,600,000
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
0.33%
Cash-on-Cash
-0.10%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93