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1910 Story Avenue Bronx, NY...

Athene Annuity & Life Company Provides $38M Loan For The Shops At Bruckner In The Bronx
FINANCEDRetail

Athene Annuity & Life Company Provides $38M Loan For The Shops At Bruckner In The Bronx

1910 Story Avenue Bronx, NY 10473, USA

$38,000,000

$327/SF

Building Size

115,945 SF

Asset Type

Retail

Closing

Aug 10, 2023

AI

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.

Players

Athene
AtheneLender

Bronx Retail Market Snapshot

Boundary boundary · Retail · Loan transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.42%

Cash-on-Cash

-0.12%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93