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591 East 137th Street

Eli Ben-Meir, Dylan Kronenberg & Amit Stern Of Arion Fund Provide $3.15M Loan For Bronx Multifamily
FINANCEDMultiFamily

Eli Ben-Meir, Dylan Kronenberg & Amit Stern Of Arion Fund Provide $3.15M Loan For Bronx Multifamily

591 East 137th Street & 593 East 137th Street

$3,150,000

$191/SF

Building Size

16,440 SF

Asset Type

MultiFamily

Closing

Mar 21, 2025

AI

The asset involved in this transaction is a multifamily property located at 591 East 137th Street & 593 East 137th Street in the Bronx, with a total square footage of 8,220. The transaction involved a loan amount of $3,150,000, classified as a bridge loan.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $3,150,000
  • Address: 591 East 137th Street & 593 East 137th Street
  • Market: Bronx
  • Lender: Eli Ben-Meir, Dylan Kronenberg & Amit Stern - Arion Fund
  • Broker: Rocky Kelemer - Meridian Capital Group
  • Loan Type: Bridge

This transaction highlights the roles of key individuals in the financing process, with Eli Ben-Meir, Dylan Kronenberg, and Amit Stern acting as lenders for Arion Fund. Rocky Kelemer represents Meridian Capital Group in this deal, facilitating the financing arrangement to support the multifamily sector.

Players

Rocky Kelemer

Meridian Capital Group

Broker

$21.9M

vol

5 deals

Broker
Eli Ben-Meir

Eli Ben-Meir

Arion Fund

Lender

$65.2M

vol

11 deals

Lender
Arion Fund
Arion FundLender

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

5.04%

Cash-on-Cash

-1.44%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93