FINANCEDMultiFamily
Esquire Provides $2M Loan For Multifamily Property In The Bronx
386 E 195th St, The Bronx, NY 10458, USA
$2,000,000
$214/SF
Building Size
9,318 SF
Asset Type
MultiFamily
Closing
Jul 9, 2019
AI
The multifamily property located at 386 E 195th St in Bronx has recently undergone a closed transaction. The property spans a total of 9,318 square feet and was involved in a deal brokered by ERG Commercial Real Estate. The lender for this transaction was Esquire, and the landlord of the property is Robert Morales.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $2,000,000
- Address: 386 E 195th St, Bronx
- Market: Bronx
- BROKER: ERG Commercial Real Estate
- BROKER: Jared Friedman & Matthew Murphy
- LOAN AMOUNT: $2,000,000
- SF: 9,318
- Lender: Esquire
- Landlord: Robert Morales
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
7.93%
Cash-on-Cash
-2.27%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93