Updated Oct 29, 2024
Laub Realty Secures $4.5M Loan With Morgan Stanley For Multifamily Property On Bronx River Road
541 Bronx River Road, Yonkers, NY, USA
$4,500,000
$50/SF
Building Size
88,536 SF
Asset Type
MultiFamily
Closing
Nov 18, 2020
About this deal
AI
A multifamily property located at 541 Bronx River Road in Yonkers, NY has been involved in a recent loan transaction. The property consists of seventy (70) residential units and is situated in a market in Yonkers. The loan was provided by Morgan Stanley to Laub Realty, the landlord of the property. The brokers involved in the transaction were Bryan Manz and Brandon Harris from BlackBearCapitalPartners.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $4,500,000
- Loan Lender: Morgan Stanley
- Landlord: Laub Realty
- Brokers: Bryan Manz & Brandon Harris (BlackBearCapitalPartners)
- Term: 10-year
- Rate: 2.86%
This loan transaction took place on 11/19/2020 and involved the property located at 541 Bronx River Road in Yonkers, NY. The loan amount was $4,500,000, with a term of 10 years and an interest rate of 2.86%. It is important to note that the property is a multifamily asset comprising of seventy (70) residential units.
Players
City of Yonkers 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
3.53%
Cash-on-Cash
-1.01%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93