Lulzim Leguci Secures $14 Million Refinance Loan From Wells Fargo For Bronx Multifamily Property
256 Mount Hope Place
$14,000,000
$560/SF
Building Size
25,000 SF
Asset Type
MultiFamily
Closing
Feb 4, 2026
AI
The asset involved in this transaction is a multifamily property located at 256 Mount Hope Place in the Bronx. It encompasses a total square footage of 25,000 and consists of 42 residential units. The financing secured for this property amounts to $14,000,000, categorized as a refinance loan with terms based on NYC Fehps Balance Sheet.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $14,000,000
- Asset Size: 25,000 SF
- Units: 42
- Lender: Wells Fargo
- Landlord: Lulzim Leguci
- Broker Representatives: Jake Gluck, Michael Helmreich & Asher Spingarn - Fortune Capital Group
The financing was facilitated by brokers Jake Gluck, Michael Helmreich, and Asher Spingarn, who represent Fortune Capital Group. For all financing needs, Jake Gluck can be contacted at 973-713-6673 or via email at [email protected].
Players
Bronx 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
1.13%
Cash-on-Cash
-0.32%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93