Coratolo Associates Refinances Multifamily Property In Bronx For $2.1M
3554 Carlisle Place, Bronx, NY 10467, USA
$2,100,000
$840/SF
Building Size
2,500 SF
Asset Type
MultiFamily
Closing
Sep 28, 2021
AI
The property involved in this closed transaction is a multifamily asset located at 3554 Carlisle Pl. in the Bronx. The deal took place on 09/28/2021.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $2,100,000
- Market: Bronx
The brokers involved in the transaction were Douglas Marshall and Vincent Coratolo of Coratolo Associates LLC.
The loan obtained for this transaction was a refinance loan with an amount of $2,100,000. The loan terms include a fixed interest rate of 3.375% for a 5+5-year period.
If you are interested in obtaining a quick and obligation-free quote, you can contact the brokers at 914-681-1300.
Players
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
7.55%
Cash-on-Cash
-2.16%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93