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Ben Shavolian Refinances Bronx Multifamily Building At 3436 Kingsbridge Avenue For $13.1 Million

Property Image
FINANCED
$13,100,000

New York

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MultiFamily44,544 SF
Financed 02/04/2026
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Property Image
FINANCED

Ben Shavolian Refinances Bronx Multifamily Building At 3436 Kingsbridge Avenue For $13.1 Million

3436 Kingsbridge Avenue

See Similar Deals
MultiFamily44,544 SF
Financed 02/04/2026
the dealplayerscompscontact
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Summary

NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$294
Total Square Footage:44,544 SF
Transaction Type:Loan

The property asset involved in this transaction is a multifamily residential elevator building located at 3436 Kingsbridge Avenue in the Kingsbridge area of Bronx. The building encompasses 39 units and has a total square footage of 44,544. The loan associated with this asset is for the amount of $13,100,000, utilized for refinancing purposes.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $13,100,000
  • Address: 3436 Kingsbridge Avenue
  • Market: Kingsbridge, Bronx
  • Units: 39
  • Square Footage: 44,544
  • Lender: Community Preservation Corporation (CPC)
  • Landlord: Ben Shavolian
  • Prior CPC Debt: $12,400,000
  • Original Purchase Price: $2,200,000
  • Purchase Year: 2017

Ben Shavolian, through 3436 Kings LLC, engaged in this refinancing deal with Community Preservation Corporation, enabling the updated financial arrangement for the property. The previous CPC loan provided for the asset was $12.4 million, indicating a significant financial commitment in managing the property’s capital structure.

Players

Community Preservation Corporation (CPC)
Community Preservation Corporation (CPC)
LENDER

Details

FINANCED
IMAGE: 02/04/2026 ADDRESS: 3436 Kingsbridge Avenue MARKET: Kingsbridge, Bronx ASSET TYPE: Multifamily ~ SF: 44,544 ~ UNITS: 39 LENDER: Community Preservation Corporation (CPC) LANDLORD: Ben Shavolian LOAN AMOUNT: $13,100,000 LOAN TYPE: Refinance NOTE: Ben Shavolian, through 3436 Kings LLC, refinanced his 39-unit residential elevator building at 3436 Kingsbridge Avenue in the Bronx with a $13.1 million loan from Community Preservation Corporation. The 44,544-square-foot property, originally purchased for $2.2 million in 2017, had prior CPC debt of $12.4 million.

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$13,100,000.00

Monthly NOI$87,333.33
Monthly Debt Service$82,800.91
Change in Cash Flow$0.00
Refinance Proceeds$0.00