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
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.
Players
New York Other Market Snapshot
Boundary boundary · Other · Loan transactions
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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