Updated Oct 28, 2024
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
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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