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371 E 149th St, The Bronx, ...

Updated Oct 25, 2024

Daniel Levy Secures $3.2M Loan For Bronx Property At 371 E 149th St
FINANCEDOther

Daniel Levy Secures $3.2M Loan For Bronx Property At 371 E 149th St

371 E 149th St, The Bronx, NY 10455, USA

$3,200,000

$53/SF

Building Size

60,000 SF

Asset Type

Other

Closing

Dec 3, 2019

About this deal

AI

371 E 149th Street in the Melrose neighborhood of the Bronx has been involved in a recent closed property transaction. The property, spanning 6,000 square feet, was sold for a loan amount of $3,200,000. The transaction took place on December 4, 2019. The landlord of this property is Daniel Levy, and the lender involved in the transaction is TD Bank. Abe Mann from Progress Capital represented the parties as the broker.

Summary of transaction details

  • Property Type: N/A
  • Transaction Amount: $3,200,000
  • Square Footage: 6,000
  • Date: December 4, 2019
  • Address: 371 E 149th Street
  • Market: Bronx, Melrose
  • Landlord: Daniel Levy
  • Lender: TD Bank
  • Broker: Abe Mann – Progress Capital

The key individuals and companies involved in this transaction include Daniel Levy as the landlord and TD Bank as the lender. Abe Mann of Progress Capital represented the parties as the broker.

On the Map

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$3,200,000

$53/SF

Other

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Players

Abe Mann

Hudson Atlantic Capital

Broker

$345.9M

vol

47 deals

Broker
Rosewood Realty Group
Rosewood Realty GroupBrokerage
TD Bank
TD BankLender
Daniel Levy

Daniel Levy

Twenty Nine Great Jones Street Corp.

Landlord

$122.2M

vol

9 deals

Landlord
Bilt advertisement

New York Other Market Snapshot

Boundary boundary · Other · Loan transactions

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Deal FAQ

About $53 per square foot on a published $3.2M for 60,000 square feet (2019).

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

4.96%

Cash-on-Cash

-1.42%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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