Updated Feb 16, 2024
Arbor Realty Trust Provides $37.36M Loan For Multifamily Property In Tremont
730 Oakland Place, Bronx, NY, USA
$37,360,000
Units
304
Asset Type
MultiFamily
Closing
May 27, 2021
About this deal
AI
A multifamily property located at 740 East 178th Street and 730 Oakland Place in Tremont has been involved in a recent loan transaction. The property consists of 304 units and the loan amount secured for this transaction is $37,360,000. Arbor Realty Trust served as the lender for this deal. Anthony Pilavas is the landlord of this multifamily property.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $37,360,000
- Units: 304
Arbor Realty Trust provided the loan for this transaction. The landlord of the property is Anthony Pilavas.
Players
New York 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
0.42%
Cash-on-Cash
-0.12%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93