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829 Tilden Street, The Bron...

Updated Oct 28, 2024

Bilt advertisement
Metropolitan Commercial Bank Refinances Multifamily Property In Williamsbridge For $28M
FINANCEDMultiFamily

Metropolitan Commercial Bank Refinances Multifamily Property In Williamsbridge For $28M

829 Tilden Street, The Bronx, New York 10467, United States

$28,000,000

$408/SF

Building Size

68,567 SF

Asset Type

MultiFamily

Closing

Aug 15, 2022

About this deal

AI

A multifamily property located at 829 Tilden Street in Williamsbridge has recently undergone a refinancing transaction. The property spans approximately 68,567 square feet and consists of 92 units.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $28,000,000
  • Address: 829 Tilden Street
  • Market: Williamsbridge
  • Square Footage: 68,567
  • Number of Units: 92

The lender for this transaction was Metropolitan Commercial Bank, represented by Jay Shah and Ross Dahmen. SKF Development, led by Robert J. Teitelbaum, acted as the landlord.

The multifamily loan at 829 Tilden Street, The Bronx, New York 10467, United States in New York, New York financed for $28M in 2022. Reported inventory is 68,567 square feet across 92 units, or about 408 per square foot. Named participants on the 829 Tilden Street, The Bronx, New York 10467, United States loan are Robert J. Teitelbaum. This page is the New York, New York file for the 829 Tilden Street, The Bronx, New York 10467, United States multifamily financed: pricing, party profiles, and other closed multifamily comps from the same New York sit in the Market section below. Filter that New York multifamily set by closing date to see what else financed near 829 Tilden Street, The Bronx, New York 10467, United States around 2022. Published consideration for 829 Tilden Street, The Bronx, New York 10467, United States is $28M, dated 2022. Cite this Metropolitan Commercial Bank Refinances Multifamily Property In Williamsbridge For $28M loan when underwriting similar multifamily product around New York, New York.

Players

Metropolitan Commercial Bank
Metropolitan Commercial BankLender

Robert J. Teitelbaum

SKF Development

Landlord

$55.1M

vol

3 deals

Landlord

New York MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Loan transactions

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Deal FAQ

About $408 per square foot on a published $28M for 68,567 square feet (2022).

Visit Robert J. Teitelbaum to view all their deals.

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.57%

Cash-on-Cash

-0.16%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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