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256 Mount Hope Place

Lulzim Leguci Secures $14 Million Refinance Loan From Wells Fargo For Bronx Multifamily Property
FINANCEDMultiFamily

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:

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

Jake Gluck

Fortune Capital Group

Broker

$407.2M

vol

41 deals

Broker
Wells Fargo
Wells FargoLender

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