New York Community Bank Provides $29.1M Loan For Office Building At 1695 Eastchester Road In Bronx
1695 Eastchester Road, Bronx, NY, USA
$29,100,413
$207/SF
Building Size
140,322 SF
Asset Type
Office
Closing
Mar 1, 2021
About this deal
AI
The office property located at 1695 Eastchester Road in Bronx has been involved in a recent transaction. The property spans 140,322 square feet and was the subject of a loan.
Summary of transaction details
- Property Type: Office
- Transaction Amount: $29,100,413
- Lender: New York Community Bank
- Landlord: Anthony Martello
- Date: 03/02/2021
The loan amount for this transaction was $29,100,413 and it was provided by New York Community Bank. The landlord involved in the deal is Anthony Martello.
The office loan at 1695 Eastchester Road, Bronx, NY, USA in New York, New York financed for $29.1M in 2021. The building is 140,322 square feet, implying about 207 per square foot on the published price. This page is the New York, New York file for the 1695 Eastchester Road, Bronx, NY, USA office financed: pricing, party profiles, and other closed office comps from the same New York sit in the Market section below. Filter that New York office set by closing date to see what else financed near 1695 Eastchester Road, Bronx, NY, USA around 2021. Published consideration for 1695 Eastchester Road, Bronx, NY, USA is $29.1M, dated 2021. Cite this New York Community Bank Provides $29.1M Loan For Office Building At 1695 Eastchester Road In Bronx loan when underwriting similar office product around New York, New York.
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.55%
Cash-on-Cash
-0.16%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93