Signature Bank Refinances Office Building At 2450-2458 Grand Concourse In Bronx For $4.8M
FINANCED
$4,800,000
New York
See Similar DealsOffice16,200 SF
Financed 08/05/2022
FINANCED
Signature Bank Refinances Office Building At 2450-2458 Grand Concourse In Bronx For $4.8M
2450-2458 Grand Concourse
See Similar DealsOffice16,200 SF
Financed 08/05/2022
Summary
NEW YORK
Asset Type:Office
Price Per Square Foot:$296
Total Square Footage:16,200 SF
Transaction Type:Loan
The property involved in the transaction is an office located at 2450-2458 Grand Concourse in the Bronx. The office space spans 16,200 square feet.
Summary of transaction details
- Property Type: Office
- Transaction Amount: $4,800,000
The lender for this transaction was Signature Bank, represented by Joseph Fingerman. The landlord, Jem Realty Management, was represented by Alan J. Jemal. The brokers involved in the deal were Carol Shelby and Eric Schleif from the Meridian Capital Group.
This refinance loan was obtained for the property.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$4,800,000.00
Monthly NOI$32,000.00
Monthly Debt Service$30,339.27
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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