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40 Bruckner Boulevard

Michael Squires Refinances Multifamily Property In Mott Haven, Bronx For $141.5M
FINANCEDMultiFamily

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

Leah Paskus

Landstone Capital Group

Broker

$3.6B

vol

36 deals

Broker
MF1 Capital
MF1 CapitalLender

Jacob Schwimmer

Landlord

$655.9M

vol

12 deals

Landlord

Bronx MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Loan transactions

Loading comparables…

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