Interaudi Bank Provides $5 Million Refinance Loan For Retail Properties In Bronx And Staten Island
2944 Third Avenue, 1838 Westchester Avenue, 222 Bay Street & 224 Bay Street
$5,000,000
Building Size
—
Asset Type
Retail
Closing
Nov 9, 2025
About this deal
AI
The transaction involves retail properties located at 2944 Third Avenue, 1838 Westchester Avenue, 222 Bay Street, and 224 Bay Street, situated in the Bronx and Staten Island markets. The loan amount for this refinance is $5,000,000.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $5,000,000
- Lender: Interaudi Bank
- Landlord: Jeffrey Shvut (Shabot) - ES Acquisitions NY LLC & Olyvian Capital Group LLC
- Loan Type: Refinance
The refinance was structured and executed by Olyvian Capital Group LLC, highlighting their involvement in the financing process of this deal.
On the Map
$5,000,000
Retail
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Players
Bronx Retail Market Snapshot
Boundary boundary · Retail · Loan transactions
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Deal FAQ
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
3.17%
Cash-on-Cash
-0.91%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93