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Ridgewood Savings Bank Provides $11M Loan For Mixed-Use Property In Bronx - Max Ralby Represents The Lender

22-24 Marcy Place, 30 East Clarke Place, 1339, 1414, 1416, 1418 & 1420 Prospect Avenue
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This Mixed-use property located in NY received a loan of $11,000,000 about 3 years ago. The broker of the deal was Max Ralby

22-24 Marcy Place, 30 East Clarke Place, 1339, 1414, 1416, 1418 & 1420 Prospect Ave in Bronx has been involved in a recent closed transaction. The mixed-use property consists of 166 units, including 161 residential units and 5 commercial units. This transaction took place on January 29, 2021.

Summary of transaction details:

  • Property Type: Mixed-use
  • Transaction Amount: $11,000,000
  • Lender: Ridgewood Savings Bank
  • Broker: Max Ralby - @HKSRealEstateAdvisors

Ridgewood Savings Bank provided a loan amount of $11,000,000 for the acquisition of 22-24 Marcy Place, 30 East Clarke Place, 1339, 1414, 1416, 1418 & 1420 Prospect Ave in Bronx. Max Ralby from HKS Real Estate Advisors represented the parties involved in this deal.

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Deals
  • Location
    22-24 Marcy Place, Bronx, NY, USA22-24 Marcy Place, Bronx, NY, USA
  • Loan Value
    $11,000,000$11,000,000
  • Asset Type
    Mixed-useMixed-use
  • Parties
    1 Broker, 1 Agency1 Broker, 1 Agency

Agent

Max Ralby

Max Ralby

Deals36
Financed$478.8M

Agency

Newmark

Newmark

Agency
Deals3893
Volume$397.4B

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Deal Summary

LOAN IMAGE: @MaxRalby DATE: 01/29/2021 ADDRESS: 22-24 Marcy Place, 30 East Clarke Place, 1339, 1414, 1416, 1418 & 1420 Prospect Ave. MARKET: Bronx ASSET TYPE: Mixed-use ~ UNITS: 166 (161 Resi - 5 Commercial) LENDER: Ridgewood Savings Bank BROKER: Max Ralby - @HKSRealEstateAdvisors AMOUNT: $11,000,000

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22-24 Marcy Place, 30 East Clarke Place, 1339, 1414, 1416, 1418 & 1420 Prospect Avenue

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