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Athene Annuity & Life Company Provides $38M Loan For The Shops At Bruckner In The Bronx
FINANCED
$38,000,000
New York
See Similar DealsRetail115,945 SF
Financed 08/10/2023
FINANCED
Athene Annuity & Life Company Provides $38M Loan For The Shops At Bruckner In The Bronx
1910 Story Avenue Bronx, NY 10473, USA
See Similar DealsRetail115,945 SF
Financed 08/10/2023
Summary
NEW YORK
Asset Type:Retail
Price Per Square Foot:$327
Total Square Footage:115,945 SF
Transaction Type:Loan
Athene Annuity & Life Company, a division of Apollo Global Management, has provided $38 million in mortgage financing for The Shops at Bruckner, a retail property spanning 115,945 square feet in the Bronx, New York. The property is located at 1910 Story Ave in the Bronx market.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $38,000,000
- Address: 1910 Story Ave
- Market: Bronx
- Square Feet: 115,945
- Lender: Athene Annuity & Life Company
Athene Annuity and Life Co. has provided mortgage financing for The Shops at Bruckner, a retail property in the Bronx. As part of the transaction, the property spanning 115,945 square feet was purchased for $38 million. The deal was facilitated by Athene Annuity & Life Company, a division of Apollo Global Management.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$38,000,000.00
Monthly NOI$253,333.33
Monthly Debt Service$240,185.85
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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