Updated Nov 21, 2025
Stagg Group Secures $32.4 Million Refinance Loan For Bronx Multifamily Property From Berkadia
3745 Riverdale Avenue
$32,400,000
Units
89
Asset Type
MultiFamily
Closing
Nov 3, 2025
About this deal
AI
The property asset involved in this transaction is a multifamily building located at 3745 Riverdale Avenue in the Bronx, featuring 89 residential units. The transaction pertains to a refinance loan amounting to $32,400,000, characterized by a fixed-rate and a 10-year loan term.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $32,400,000
- Lender: Berkadia - Matthew Nihan via Freddie Mac
- Landlord: Stagg Group
- Loan Type: Refinance
- Loan Terms: Fixed-rate, 10-year loan
Key individuals in this transaction include Matthew Nihan, representing Berkadia as the lender, and the Stagg Group as the landlord involved in the deal.
On the Map
$32,400,000
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
0.49%
Cash-on-Cash
-0.14%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93