Updated Sep 30, 2026
James J. Zenni Jr. Secures $7.9M Loan From Hakimian Capital For Bronx Multifamily Acquisition
943 Croes Avenue, 941 Croes Avenue & 939 Croes Avenue
$7,900,000
Units
46
Asset Type
MultiFamily
Closing
Aug 25, 2026
About this deal
AI
The transaction involves seven Bronx walkup properties located at 943 Croes Avenue, 941 Croes Avenue, and 939 Croes Avenue, encompassing a total of 46 residential units. The properties are situated in the Soundview market.
Summary of transaction details:
- Property Type: MultiFamily
- Transaction Amount: $7,900,000
- Lender: Hakimian Capital
- Landlord: James J. Zenni Jr. - Z Capital Group & Phantom Capital
- Loan Type: Acquisition
The deal represents Z Capital Group and Phantom Capital's effort to secure financing for the acquisition, with a loan provided by Hakimian Partners specifically for these residential properties in the Bronx.
On the Map
$7,900,000
MultiFamily
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Players
Avenue 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
2.01%
Cash-on-Cash
-0.57%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93