Citi Real Estate Funding Provides $14M Loan For Office Building At 2825 3rd Avenue In Mott Haven, Bronx
FINANCED
$14,000,000
New York
See Similar DealsOffice12,433 SF
Financed 10/18/2019
FINANCED
Citi Real Estate Funding Provides $14M Loan For Office Building At 2825 3rd Avenue In Mott Haven, Bronx
2825 Third Ave., The Bronx, NY 10455, USA
See Similar DealsOffice12,433 SF
Financed 10/18/2019
Summary
NEW YORK
Asset Type:Office
Price Per Square Foot:$1,126
Total Square Footage:12,433 SF
Transaction Type:Loan
The office property located at 2825 3rd Avenue in Mott Haven, Bronx has recently undergone a closed transaction. The property, featuring an image available below, was involved in a deal with Citi Real Estate Funding as the lender. The loan amount secured for this transaction was $14,000,000, with a 10-year full term interest-only loan term at a rate of 3.70%. The landlord in this deal is Elidex Realty, represented by Leon Saad. Sol Dayan, from FM Capital, acted as the broker in this transaction.
Summary of transaction details
- Property Type: Office
- Transaction Amount: $14,000,000
- Lender: Citi Real Estate Funding
- Landlord: Elidex Realty – Leon Saad
- Broker: Sol Dayan – FM Capital
- Loan Terms: 10 Year Full Term IO, 3.70%
In addition to these key details, it is worth noting that the property involved in this closed transaction is located in the Mott Haven market of the Bronx. No further information is available regarding the specific characteristics or market value of the property.
Players
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
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
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$14,000,000.00
Monthly NOI$93,333.33
Monthly Debt Service$88,489.52
Change in Cash Flow$0.00
Refinance Proceeds$0.00
Is there something missing? Send suggestions