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

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FINANCED
$3,200,000

New York

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Other60,000 SF
Financed 12/04/2019
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FINANCED

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

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

See Similar Deals
Other60,000 SF
Financed 12/04/2019
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Summary

NEW YORK
Asset Type:Other
Price Per Square Foot:$53
Total Square Footage:60,000 SF
Transaction Type:Loan

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.

Players

Abe Mann
46 deals$308.6M volume(917) 574-3810
BROKER

Rosewood Realty Group
BROKERAGE

TD Bank
LENDER

Daniel Levy
9 deals$122.2M volume
LANDLORD

Daniel Levy
Ashkenazy Acquisition
9 deals$122.2M volume
LANDLORD

Details

FINANCED
IMAGE: Ben Ashkenazi, Daniel Levy & Abe Mann DATE: 12/04/2019 ADDRESSS: 371 E 149th Street MARKET: Bronx, Melrose LENDER: TD Bank LANDLORD: Daniel Levy BROKER: Abe Mann – Progress Capital LOAN AMOUNT: $3,200,000 SF: 6,000

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$3,200,000.00

Monthly NOI$21,333.33
Monthly Debt Service$20,226.18
Change in Cash Flow$0.00
Refinance Proceeds$0.00