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NorthMarq Secures $5.45M Refinance For Retail Center At 74-84 East 161st Street Bronx

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FINANCED
$5,450,000

New York

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Retail
Financed 03/03/2026
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FINANCED

NorthMarq Secures $5.45M Refinance For Retail Center At 74-84 East 161st Street Bronx

74 East 161st Street & 84 East 161st Street

See Similar Deals
Retail
Financed 03/03/2026
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Summary

NEW YORK
Asset Type:Retail
Transaction Type:Loan

A cash-out refinancing has been arranged for a retail center located at 74–84 East 161st Street in the Bronx, amounting to $5,450,000. The property spans a total area of 10,470 square feet, highlighting its scale within the retail market of the Bronx.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: $5,450,000
  • Loan Type: Refinance
  • Address: 74-84 East 161st Street
  • Market: Bronx

The refinancing was facilitated by Dylan Hamer and Bob Bernard, who are part of the NorthMarq New York Metro Debt + Equity team, leveraging a relationship with a life insurance company for the financing arrangement.

Players

Dylan Hamer
4 deals$38.7M volume
BROKER

Bob Bernard
NorthMarq
3 deals$16M volume(631) 418-8167
BROKER

Details

FINANCED
IMAGE: Dylan Hamer & Bob Bernard DATE: 03/03/2026 ADDRESS: 74-84 East 161st Street MARKET: Bronx ASSET TYPE: Retail BROKERS: Dylan Hamer & Bob Bernard - NorthMarq (@NorthMarq) LOAN AMOUNT: $5,450,000 LOAN TYPE: Refinance NOTE: Northmarq’s New York Metro Debt + Equity team arranged a $5.45M cash-out refinancing for a 10,470-square-foot retail center at 74–84 East 161st Street in the Bronx, with financing secured through a life insurance company relationship.

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$5,450,000.00

Monthly NOI$36,333.33
Monthly Debt Service$34,447.71
Change in Cash Flow$0.00
Refinance Proceeds$0.00