Morgan Stanley Provides $15.5M Loan For Multifamily Properties In Wakefield & Mt. Hope Neighborhoods
SOLD
$15,500,000
+ 1
New York
See Similar DealsMultiFamily
Sold 03/06/2020
SOLD
Morgan Stanley Provides $15.5M Loan For Multifamily Properties In Wakefield & Mt. Hope Neighborhoods
1659 Mount Hope Avenue, Rochester, NY 14620
See Similar DealsMultiFamily
Sold 03/06/2020
+ 1
Summary
NEW YORK
Asset Type:MultiFamily
Transaction Type:Sale
The Wakefield & Mt. Hope Neighborhoods in Bronx have seen a recent transaction in the multifamily asset sector. The property involved consists of 2 properties and a total of 118 units.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $15,500,000
- Loan Amount: $15,500,000 with a 3.55% interest rate
- Loan Terms: 10-year, fixed-rate, interest-only loan
- Lender: Morgan Stanley
- Landlord: The Morgan Group
- Brokers: Bryan Manz, Rob Serra, Phil Bowman, Brandon Harris from BlackBearCapitalPartners
The deal was facilitated by brokers Bryan Manz, Rob Serra, Phil Bowman, and Brandon Harris from BlackBearCapitalPartners. The loan for the transaction was provided by Morgan Stanley and has a 10-year term with a fixed interest rate of 3.55% on an interest-only basis. The transaction involves two properties located in the Wakefield & Mt. Hope Neighborhoods of Bronx, totaling 118 units.
Players
LANDLORD
Details
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Similar Deals
Contact
Get in touch with the broker you want
Similar Buyers
Unlock All Profiles
Upgrade to Traded Pro for full access to every deal, profile & market insight.Unlimited deal views
Access investor profiles & contacts
Exclusive comps & market data
Go Pro
Similar Brokers
Top Markets for Multifamily Investment ReportFall 2025
Search Address Tool
Enter any address to instantly view nearby comps, investors, brokers, lenders, and a visual map.NEW!
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$826,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$55,068.22
Cash-on-Cash Return-1.27%
Monthly Debt Service$73,477.91
Annual Debt Service$881,734.89
Is there something missing? Send suggestions