Updated Mar 2, 2026
W Group Secures $67.2 Million Refinancing Loan From Greystone For Assisted Living Facility In Bronx
6355 Broadway
$67,200,000
$1,018/SF
Building Size
66,000 SF
Asset Type
Senior Housing
Closing
Feb 18, 2026
About this deal
AI
The asset involved in this transaction is a 256-bed assisted living property located at 6355 Broadway in North Riverdale, Bronx. The property encompasses a total square footage of 66,000 and is classified as senior housing. The refinancing transaction amounts to $67,200,000.
Summary of transaction details:
- Property Type: Senior Housing
- Transaction Amount: $67,200,000
- Address: 6355 Broadway
- Market: North Riverdale, Bronx
- Lender: Greystone
- Landlord: W Group
- Loan Type: Refinance
W Group, represented through Elener Associates LLC, has completed the refinancing loan with Greystone & Co., successfully replacing the prior debt from MonticelloAM that was originally secured by a $40 million loan.
Bronx Senior Housing Market Snapshot
Boundary boundary · Senior Housing · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.24%
Cash-on-Cash
-0.07%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93