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90 East 170th Street

Meridian Capital Group Secures $7.5 Million Refinance Loan For Bronx Retail Property
FINANCEDRetail

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

John Bianco

Meridian Capital Group

Broker

$427.7M

vol

31 deals

Broker
Meridian Capital Group
Meridian Capital GroupBrokerage

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

2.12%

Cash-on-Cash

-0.60%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93