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

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.