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NorthMarq Secures $5.45M Refinance For Retail Center At 74-84 East 161st Street Bronx
FINANCED
$5,450,000
New York
See Similar DealsRetail
Financed 03/03/2026
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 DealsRetail
Financed 03/03/2026
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.
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Deal Type
30 years
10 years
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
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