Bastone Family Secures $5.8 Million Loan From Galinn Fund For Retail Properties In Van Nest Bronx

The asset involved in this transaction consists of three properties located at 1907 Bronxdale Avenue, 1913 Bronxdale Avenue, and 1903 Bronxdale Avenue, situated in the Van Nest neighborhood of the Bronx. The retail property encompasses a total square footage of 15,996 with a building square footage of 32,487. The transaction was secured through a loan of $5,800,000 from Galinn Fund.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $5,800,000
• Address: 1907 Bronxdale Avenue, 1913 Bronxdale Avenue & 1903 Bronxdale Avenue
• Market: Van Nest, Bronx
• Lender: Galinn Fund
• Asset Square Footage: 15,996
• Building Square Footage: 32,487

The Bastone family, represented by 1911-1913 Bronxdale Avenue Realty LLC, was involved in the transaction, securing financing for multiple tax lots that include The Pine restaurant and banquet hall located at 1913 Bronxdale Avenue alongside surrounding retail, mixed-use, and parking properties.