Updated Nov 3, 2026
Moses Ostreicher Secures $13.3 Million Refinance Loan For 51-Unit Multifamily In Bronx
729 East 216th Street
$13,300,000
$568/SF
Building Size
23,379 SF
Asset Type
MultiFamily
Closing
Oct 20, 2026
About this deal
AI
The property involved in this transaction is a 51-unit multifamily residential building located at 729 East 216th Street in the Williamsbridge neighborhood of the Bronx. The property encompasses a total square footage of 23,379. The refinancing loan obtained for this asset amounts to $13,300,000.
Summary of transaction details:
- Property Type: MultiFamily
- Transaction Amount: $13,300,000
- Loan Type: Refinance
- Market: Williamsbridge, Bronx
- Lender: FourLeaf Federal Credit Union
- Landlord: Moses Ostreicher
- Units: 51
- Square Footage: 23,379
Moses Ostreicher, representing 216 Street LLC, secured the refinancing loan from FourLeaf Federal Credit Union, facilitating continued investment in the property located at 729 East 216th Street. The transaction indicates the landlord's initiative to manage financial strategies for the multifamily asset.
On the Map
$13,300,000
$568/SF
MultiFamily
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.19%
Cash-on-Cash
-0.34%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93