Steve Finkelstein's Finkelstein Timberger East Real Estate Secures $53.9M Loan In Bronx Multifamily Deal

Multiple multifamily properties in the Bronx have recently been involved in a closed transaction. The properties include 75 West 190th Street, 610 Trinity Avenue, 1791 Walton Avenue, 2770-80 Kingsbridge Terrace, 3031 Holland Avenue, and 3041 Holland Avenue. These properties are part of the Bronx market and are classified as multifamily assets.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $53,900,000
• Lender: Morgan Stanley
• Landlord: Steve Finkelstein – Finkelstein Timberger East Real Estate

Morgan Stanley provided a loan amount of $53,900,000 for this transaction. The loan terms feature a fixed interest rate of 3.58%, with ten years of full-term, interest-only payments. Steve Finkelstein, representing Finkelstein Timberger East Real Estate, acted as the landlord in this deal.