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
Bronx Retail Market Snapshot
Boundary boundary · Retail · Loan transactions
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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