Related Companies Secures $21M Refinance Loan For Retail Building In Throgs Neck
2550 Bruckner Boulevard
$21,000,000
$154/SF
Building Size
135,743 SF
Asset Type
Retail
Closing
Sep 21, 2023
About this deal
AI
The retail building located at 2550 Bruckner Boulevard in Throgs Neck, Bronx has undergone a $21 million refinance loan transaction. The property, owned by Glenn Goldstein of Related Companies, spans a total of 135,743 square feet. Situated in the vibrant market of Throgs Neck, Bronx, this retail asset holds significant value with a building square footage (BSF) of 1,063,288.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $21,000,000
- Address: 2550 Bruckner Boulevard
- Market: Throgs Neck, Bronx
- Landlord: Glenn Goldstein - Related Companies
- Lender: Shanna Vidal-Pope - LMF Commercial
Glenn Goldstein, representing the Related Companies, successfully secured a substantial $21 million refinance loan for the retail building at 2550 Bruckner Boulevard in Throgs Neck, Bronx. The financial assistance was provided by LMF Commercial, led by their representative, Shanna Vidal-Pope. This transaction showcases the significance and value of the property in the Throgs Neck, Bronx market.
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
0.76%
Cash-on-Cash
-0.22%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93