Abraham Kassin Of KSR Capital Acquires $13.8M Note From Bank United For Bronx Property
910 Grand Concourse
$13,800,000
$106/SF
Building Size
129,555 SF
Asset Type
Note / Loan
Closing
Jun 30, 2026
About this deal
AI
A $13.8 million note secured by A&E Real Estate Holdings’ 87-unit residential building was acquired through KSR Capital, specifically via the 910 GC Lender LLC. The property is located at 910 Grand Concourse in the Concourse Village neighborhood of the Bronx, encompassing a total area of 129,555 square feet and representing a price per square foot of $107.
Summary of transaction details:
- Property Type: Note / Loan
- Transaction Amount: $13,800,000
- Address: 910 Grand Concourse
- Market: Concourse Village, Bronx
- Buyer: Abraham Kassin - KSR Capital
- Seller: Bank United
- Square Footage: 129,555
- Price per Square Foot: $107
Abraham Kassin, representing KSR Capital, facilitated the acquisition from Bank United, which was the seller of the note in this transaction. This deal supports KSR Capital's investment portfolio and further cements their presence in the Bronx real estate market.
On the Map
$13,800,000
$106/SF
Note / Loan
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Players
Bronx Note / Loan Market Snapshot
Boundary boundary · Note / Loan · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.15%
Cash-on-Cash
-0.33%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93