Michael Squires Refinances Multifamily Property In Mott Haven, Bronx For $141.5M
40 Bruckner Boulevard
$141,500,000
$464/SF
Building Size
304,362 SF
Asset Type
MultiFamily
Closing
Dec 27, 2023
AI
The multifamily property located at 40 Bruckner Boulevard in Mott Haven, Bronx has been involved in a refinance transaction. The property has a total square footage of 304,362 and consists of 365 units. The loan amount for this transaction is $141,500,000.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $141,500,000
- Address: 40 Bruckner Boulevard
- Market: Mott Haven, Bronx
- Square Footage: 304,362
- Number of Units: 365
Michael Squires is the lender involved in this refinance transaction. The landlord for the property is Jacob Schwimmer. The broker representatives in the deal are Michael Wittow from Wittow Group and Leah Paskus from Landstone Capital Group.
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
0.11%
Cash-on-Cash
-0.03%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93