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John Vitale, Brad Domenic And Josh Weissman Refinance New Construction In Mott Haven, Bronx For $6.5M

131-135 Alexander Avenue
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This Mixed-use property located in NY was sold almost 6 years ago. The broker of the deal was Brad Domenico

The New York-based real estate investment and management firm, John Vitale, Brad Domenic, and Josh Weissman, have secured a refinancing deal for their mixed-use property located at 131-135 Alexander Avenue in the Mott Haven neighborhood of the Bronx. The property consists of 14 luxury residential loft-style units and 3 street-level commercial units.

Summary of transaction details

  • Property Type: Mixed-Use
  • Transaction Amount: $6,500,000
  • Rate: 7 Year Fixed Rate
  • Loan to Value: 70%
  • Unit Mix: 14 Luxury Residential Loft Style Units / 3 Street Level Commercial Units
  • Term: 7 Years

This refinancing deal allows John Vitale, Brad Domenic, and Josh Weissman to secure long-term financing for their mixed-use property in Mott Haven. The 7-year fixed-rate loan comes with a loan-to-value ratio of 70%, providing a solid financial foundation for their investment. The property boasts 14 luxury residential loft-style units, catering to the demand for high-end living spaces in the area. Additionally, the property includes 3 street-level commercial units, providing opportunities for local businesses to thrive. With a term of 7 years, this refinancing deal ensures stability and continued growth for the property.

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Deals
  • Location
    131 Alexander Ave, The Bronx, NY 10454, USA131 Alexander Ave, The Bronx, NY 10454, USA
  • Area
    26,295 SF26,295 SF
  • Asset Type
    Mixed-useMixed-use
  • Parties
    1 Broker, 1 Agency1 Broker, 1 Agency

Agent

Brad Domenico

Brad Domenico

Deals114
Financed$2.1B

Agency

Progress Capital

Progress Capital

Agency
Deals382
Volume$4.9B

Deal Summary

IMAGE: John Vitale, Brad Domenic and Josh Weissman DATE: 04/27/2018 REFINANCE: of New Construction ADDRESS: 131-135 Alexander Avenue CITY: NewYork MARKET: Mott Haven, Bronx ASSET TYPE: Mixed-Use PRICE: $6,500,000 RATE: 7 Year Fixed Rate LOAN TO VALUE: 70% UNIT MIX: 14 Luxury Residential Loft Style Units / 3 Street Level Commercial Units TERM: 7 Years […]

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