Cushman & Wakefield arranges $26.35 million refinance for 91-unit The Bridgeline, Bronx

Bronx, NY Cushman & Wakefield has arranged a $26.35 million loan on behalf of the JCAL Development Group to refinance The Bridgeline, a 91-unit Class A multifamily property located at 329 East 132^nd St. Webster Bank provided the two-year, fixed-rate loan.

A Cushman & Wakefield equity, debt & structured finance team of vice chair Brad Domenico, Frank Stanislaski and Ethan Thompson secured the financing on behalf of the borrower.

“The Bridgeline benefits from a sought-after mix of high-quality Class A product that is situated on a transit-oriented site in The Bronx, affording residents easy access into Manhattan. Those fundamentals, combined with stabilized occupancy and amenities typically seen in higher-barrier submarkets, drove significant lender interest for this deal and, ultimately, a smooth close,” said Domenico.

The Bridgeline offers residents a range of amenities, including modern finishes, a fitness center, a resident lounge, a rooftop terrace and on-site parking. The Class A multifamily building ensures energy-efficient systems and contemporary design, providing a competitive edge in the South Bronx multifamily market. The site offers access to several transit options, including multiple subway lines and major highways, facilitating easy commutes to Manhattan and other boroughs. Residents also benefit from proximity to local shopping, dining and recreational activities, as well as nearby parks.