Michael Horowitz, Jordan Horowitz & David Horowitz Of Cooper Horowitz Secures $38M Refinance Loan For Bronx Retail Asset
$38,000,000
$286/SF
Building Size
132,500 SF
Asset Type
Retail
Closing
Oct 30, 2026
About this deal
AI
The asset involved in this transaction is a retail property located in the Bronx, with a total square footage of 132,500. The loan amount for this property is $38,000,000, which is categorized as a refinance type loan.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $38,000,000
- Market: Bronx
- Asset Size: 132,500 SF
- Loan Type: Refinance
Key individuals involved in this transaction include Michael Horowitz, Jordan Horowitz, and David Horowitz, all of whom represent Cooper Horowitz in this deal.
Players
Market 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
0.42%
Cash-on-Cash
-0.12%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93