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AB Capstone Acquires Mixed-Use Property On Westchester Ave For $26.5M With Starwood Capital Loan

425 Westchester Avenue
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This Mixed-use property located in NY received a loan of $26,500,000 almost 5 years ago. The brokers of the deal were Jason Shein, Ronald "Ron" Solarz, and Jonny Yuran

Located at 425 Westchester Ave, this mixed-use property recently underwent a closed transaction. The landlord, AB Capstone eirBabaev, secured a loan from Starwood Capital in the amount of $26,500,000. The property spans approximately 174,000 square feet and offers a diverse range of uses.

Summary of transaction details

  • Property Type: Mixed-use
  • Transaction Amount: $26,500,000
  • Address: 425 Westchester Ave
  • Landlord: AB Capstone eirBabaev
  • Lender: Starwood Capital
  • BROKERS: Jason Shein, Jonny Yuran, Ron Solarz - Newmark Knight Frank

The loan for this transaction was facilitated by Jason Shein, Jonny Yuran, and Ron Solarz from Newmark Knight Frank. They played a crucial role in the successful negotiation and completion of the deal, representing the parties involved and ensuring a smooth process throughout.

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Deals
  • Location
    425 Westchester Avenue, The Bronx, NY, USA425 Westchester Avenue, The Bronx, NY, USA
  • Loan Value
    $26,500,000$26,500,000
  • Asset Type
    Mixed-useMixed-use
  • Parties
    3 Brokers, 1 Agency, 1 Lender3 Brokers, 1 Agency, 1 Lender

Agents

Jason Shein

Jason Shein

Deals1
Financed$26.5M

Ronald "Ron" Solarz

Ronald "Ron" Solarz

Deals8
Financed$55.2M

Agency

Newmark

Newmark

Agency
Deals3894
Volume$397.4B

Starwood Capital Group

Starwood Capital Group

Lender
Deals29
Volume$ 154.4B

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Deal Summary

LOAN IMAGE: Jason Shein, Barry Sternlicht (@BSternlicht1), Jonny Yuran, @MeirBabaev, Ron Solarz & Nick Doering-Dorival DATE: 05/08/2019 ADDRESS: 425 Westchester Ave ASSET TYPE: Mixed-use LANDLORD: AB Capstone - @MeirBabaev LENDER: Starwood Capital BROKERS: Jason Shein, Jonny Yuran, Ron Solarz - Newmark Knight Frank LOAN AMOUNT: $26,500,000 BSF: 174K

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