Meridian Capital Group Secures $7.5 Million Refinance Loan For Bronx Retail Property
90 East 170th Street
$7,500,000
$204/SF
Building Size
36,605 SF
Asset Type
Retail
Closing
May 29, 2025
AI
The property asset involved in this transaction is located at 90 East 170th Street in the Bronx, NY. It is a retail asset measuring 36,605 square feet. The loan amount secured for this property is $7,500,000, and it is categorized as a refinance with flexible, interest-only loan terms.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $7,500,000
- Loan Type: Refinance
- Loan Terms: Flexible, interest-only loan
- Address: 90 East 170th Street
- Market: Bronx, NY
- Asset Size: 36,605 SF
- Broker Representatives: Simon Rosenfeld - Meridian Capital Group, John Bianco - Meridian Capital Group
The key individuals involved in this deal are Simon Rosenfeld and John Bianco, both serving as Senior Vice Presidents at Meridian Capital Group. For additional information regarding financing options and potential value addition through Meridian, prospective clients can reach out to Simon Rosenfeld at 212-612-0110 or [email protected], and John Bianco at 212-612-0297 or [email protected].
Players
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
2.12%
Cash-on-Cash
-0.60%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93