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
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.
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
0.57%
Cash-on-Cash
-0.16%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93