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900 Ogden Ave, The Bronx, N...

Updated Oct 29, 2024

JLL Real Estate Capital Provides $10.8M Loan For Multifamily Property On Ogden Ave, Highbridge
FINANCEDMultiFamily

JLL Real Estate Capital Provides $10.8M Loan For Multifamily Property On Ogden Ave, Highbridge

900 Ogden Ave, The Bronx, NY 10452, USA

$10,850,000

$9/SF

Building Size

1,203,360 SF

Asset Type

MultiFamily

Closing

Jul 29, 2020

About this deal

AI

A multifamily property located at 900 Ogden Avenue in Highbridge, Bronx has recently undergone a closed transaction. The property spans over 120,336 square feet and is zoned for R7-1. It falls under tax class 2 and comprises 120 units. The market value of this property in the Highbridge area adds to its appeal.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $10,850,000
  • Address: 900 Ogden Avenue, Highbridge, Bronx
  • Market: Highbridge
  • Asset Type: Multifamily

JLL Real Estate Capital served as the lender in this transaction, providing a loan of $10,850,000 for the acquisition. The Atlantic Development Group acted as the landlord in this deal, overseeing the transfer of ownership for the property. Their expertise in managing and developing properties in the Bronx area ensures a smooth transaction process for both parties involved.

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$10,850,000

$9/SF

MultiFamily

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Players

AG
Atlantic Development GroupLandlord
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New York MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Loan transactions

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Deal FAQ

About $9 per square foot on a published $10.9M for 1,203,360 square feet (2020).

Browse New York multifamily loans on Traded.

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

1.46%

Cash-on-Cash

-0.42%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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