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360 Grand Concourse

Updated Apr 30, 2026

Shorewood Real Estate Group & Bogopa Enterprises Secure $130 Million Construction Loan For 360 Grand Concourse
FINANCEDMultiFamily

Shorewood Real Estate Group & Bogopa Enterprises Secure $130 Million Construction Loan For 360 Grand Concourse

360 Grand Concourse

$130,000,000

Units

304

Asset Type

MultiFamily

Closing

Mar 2, 2026

About this deal

AI

The asset involved in this transaction is a multifamily property located at 360 Grand Concourse in the Mott Haven neighborhood of South Bronx, consisting of 304 units. A construction loan of $130,000,000 was secured to facilitate the development of this property.

Summary of transaction details:

  • Property Type: MultiFamily
  • Transaction Amount: $130,000,000
  • Address: The 360 - 360 Grand Concourse
  • Market: Mott Haven, South Bronx
  • Lender: PCCP LLC
  • Landlord: Shorewood Real Estate Group & Bogopa Enterprises
  • Brokers: Lauren Kaufman & Nicco Lupo - JLL
  • Loan Type: Construction

The key individuals in this transaction are Lauren Kaufman and Nicco Lupo, who represent the brokerage JLL. They played a crucial role in securing the financing for the project, which involves significant contributions from the landlord entities, Shorewood Real Estate Group and Bogopa Enterprises.

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$130,000,000

MultiFamily

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Players

Lauren Kaufman

JLL

Broker

$5.4B

vol

35 deals

Broker
PL
PCCP LLCLender
BE
Bogopa EnterprisesLandlord
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Bronx MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Loan transactions

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Deal FAQ

About $427.6K per unit across 304 units on a published $130M (2026).

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.12%

Cash-on-Cash

-0.03%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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