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Joseph Strulovitch Secures $12 Million Refinance For Bronx Single Tenant Property From TD Bank

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FINANCED
$12,000,000

New York

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Retail50,000 SF
Financed 04/24/2026
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FINANCED

Joseph Strulovitch Secures $12 Million Refinance For Bronx Single Tenant Property From TD Bank

1710 Webster Avenue

See Similar Deals
Retail50,000 SF
Financed 04/24/2026
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Summary

NEW YORK
Asset Type:Retail
Price Per Square Foot:$240
Total Square Footage:50,000 SF
Transaction Type:Loan

The asset involved is a single-tenant property located at 1710 Webster Avenue in the Bronx, featuring a total square footage of 50,000. The lender involved in this transaction is TD Bank, with Anthony Viskovitch representing them. The transaction involves a refinance loan of $12,000,000 with a term of 5 years.

Summary of transation details:

  • Property Type: Single Tenant
  • Transaction Amount: $12,000,000
  • Lender: TD Bank
  • Lender's Representative: Anthony Viskovitch
  • Landlord: Joseph Strulovitch
  • Landlord's Representative: Meir Kessner & David Eisen - Seven Stone Capital
  • Loan Type: Refinance
  • Loan Terms: 5 year term

This transaction involves a cash-out refinance secured for a New York City Public School property, allowing for the unlocking of equity while securing long-term financing. The landlord's representatives are Meir Kessner and David Eisen from Seven Stone Capital, who facilitated the arrangement.

Players

Meir Kessner
7 deals$258.7M volume
BROKER

David Eisen
Seven Stone Capital
7 deals$258.7M volume
BROKER

TD Bank
LENDER

TD Bank
LENDER

Details

FINANCED
IMAGE: Meir Kessner, David Eisen & Anthony Viskovitch DATE: 4/24/2026 ADDRESS: 1710 Webster Avenue MARKET: Bronx ASSET TYPE: Single Tenant ~ SF: 50,000 LENDER: TD Bank (@TDBank_US) - Anthony Viskovitch LANDLORD: Joseph Strulovitch LANDLORD'S REP: Meir Kessner & David Eisen - Seven Stone Capital LOAN AMOUNT: $12,000,000 LOAN TYPE: Refinance LOAN TERMS: 5 year term NOTE FROM LANDLORD'S REP: Cash-out refinance secured for New York City Public School Property; unlocking equity while securing long-term financing.

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$12,000,000.00

Monthly NOI$80,000.00
Monthly Debt Service$75,848.16
Change in Cash Flow$0.00
Refinance Proceeds$0.00