Updated Apr 1, 2025
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
8,220 SF
Asset Type
MultiFamily
Closing
Mar 21, 2025
About this deal
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
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
5.04%
Cash-on-Cash
-1.44%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93