PCSB Bank Provides $4.75M Loan For Multifamily Property On Ogden Ave In Bronx
FINANCED
$4,750,000
New York
See Similar DealsMultiFamily18,000 SF
Financed 05/15/2019
FINANCED
PCSB Bank Provides $4.75M Loan For Multifamily Property On Ogden Ave In Bronx
987 Ogden Avenue, The Bronx, NY, USA
See Similar DealsMultiFamily18,000 SF
Financed 05/15/2019
Summary
NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$263
Total Square Footage:18,000 SF
Transaction Type:Loan
The multifamily property located at 987-989 Ogden Ave in Bronx has been involved in a recent closed transaction. The property spans approximately 18,000 square feet and is owned by Global View Apartments, represented by Wajeeha Naseem. The transaction was facilitated by broker Michael Volpe.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $4,750,000
- Loan Amount: $4,750,000
- Loan Terms: 4.03% fixed for 5 years – 30-year schedule
- Lender: PCSB Bank
- Landlord: Global View Apartments - Wajeeha Naseem
- Broker: Michael Volpe
The loan for this property was obtained from PCSB Bank with a fixed interest rate of 4.03% for 5 years, and a 30-year repayment schedule.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$4,750,000.00
Monthly NOI$31,666.67
Monthly Debt Service$30,023.23
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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