Updated Oct 29, 2025
Stagg Group Secures $31.87 Million Refinance Loan From Matt Nihan Of Berkadia For Bronx Multifamily
4180 Carpenter Avenue
$31,878,000
Units
85
Asset Type
MultiFamily
Closing
Oct 14, 2025
About this deal
AI
The property asset is a multifamily unit building located at 4180 Carpenter Avenue in the Bronx, comprising 92 units. The transaction involves a loan amount of $31,878,000 for refinancing purposes, under a fixed-rate structure for 10 years with 7 years interest only.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $31,878,000
- Lender: Matt Nihan - Berkadia via Freddie Mac
- Landlord: Stagg Group
- Loan Type: Refinance
- Loan Terms: Fixed-rate 10 years with 7 years interest only
Key individuals involved in this transaction include Matt Nihan, representing the lender Berkadia, and the landlord is represented by the Stagg Group. This deal highlights the collaboration between the financial institution and the property management entity.
On the Map
$31,878,000
MultiFamily
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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
0.50%
Cash-on-Cash
-0.14%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93