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Robby Itzkowitz Secures $840,000 Acquisition Loan For Multifamily Property In Bronx

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FINANCED
$840,000

New York

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MultiFamily4,000 SF
Financed 07/02/2025
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FINANCED

Robby Itzkowitz Secures $840,000 Acquisition Loan For Multifamily Property In Bronx

1251 Morrison Avenue

See Similar Deals
MultiFamily4,000 SF
Financed 07/02/2025
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Summary

NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$210
Total Square Footage:4,000 SF
Transaction Type:Loan

The property asset involved in the transaction is located at 1251 Morrison Avenue in the Bronx, featuring a multi-family structure comprising 4,000 square feet and 4 units. The loan for this acquisition is set at $840,000 with a 30-year fixed-rate and an 80% loan-to-value ratio, along with flexible prepayment options.

Summary of transaction details:

  • Property Type: MultiFamily
  • Transaction Amount: $840,000
  • Lender: IceCap Group
  • Landlord: Robby Itzkowitz
  • Broker: Isaac Blyakher - Blyakher Real Estate
  • Loan Type: Acquisition
  • Loan Terms: 30 Year Fixed Rate, 80% Loan to Value & Flexible Prepay

The deal was represented by Isaac Blyakher from Blyakher Real Estate, which specializes in providing tailored financing solutions for investment real estate, including acquisition, refinancing, and construction funding. For financing inquiries, interested parties can reach out to Isaac Blyakher via email or through the company's website.

Players

Isaac Blyakher
18 deals$68.5M volume(212) 904-0775
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Blyakher Real Estate
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Details

FINANCED
IMAGE: Isaac Blyakher DATE: 7/2/2025 ADDRESS: 1251 Morrison Avenue MARKET: Bronx ASSET TYPE: MultiFamily ~ SF: 4,000 ~ UNITS: 4 LENDER: IceCap Group LANDLORD: Robby Itzkowitz BROKER: Isaac Blyakher (@Istaac) - Blyakher Real Estate LOAN AMOUNT: $840,000 LOAN TYPE: Acquisition LOAN TERMS: 30 Year Fixed Rate, 80% Loan to Value & Flexible Prepay NOTE FROM BROKER: Blyakher Real Estate, led by Isaac Blyakher, offers tailored financing solutions for investment real estate. Whether you're looking for acquisition, refinancing, or construction funding, we provide competitive loan options to suit your needs. For financing inquiries, contact Isaac Blyakher at [email protected] or visit Blyakher.com.

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$840,000.00

Monthly NOI$5,600.00
Monthly Debt Service$5,309.37
Change in Cash Flow$0.00
Refinance Proceeds$0.00