Metropolitan Realty Group & Citadel Care Centers Secure $40M Loan For Senior Housing In Bronx

The property involved in the transaction is Kittay House, a 295-unit affordable senior housing asset located at 2550 Webb Avenue in the Bronx. The acquisition was financed through a $40 million nonrecourse, interest-only bridge loan provided by Greystone.

Summary of transaction details:

• Property Type: Senior Housing
• Transaction Amount: $40,000,000
• Units: 295
• Address: 2550 Webb Avenue
• Market: Bronx
• Landlord: Metropolitan Realty Group & Citadel Care Centers
• Broker: Eric Rosenstock & Jeff Englund - Greystone

This transaction highlights the involvement of key parties such as Metropolitan Realty Group and Citadel Care Centers as landlords, along with Eric Rosenstock and Jeff Englund representing the brokerage firm Greystone in the deal.