
Bronx, NY Ed Graf of Houlihan-Parnes Realtors, LLC has arranged for first mortgage refinancing for a single tenant Dialysis Center. The property contains 10,302 s/f, and is located at 3440-3448 Boston Rd. The non-recourse loan for $3.5 million is fixed at 3.9% for seven years with a 30-year amortization schedule. The borrower has a five-year option. The loan can be prepaid with a declining prepayment premium at a descending rate.
New York tri-state multifamily investors are increasingly reallocating capital to less-regulated markets across the U.S. as rent control and legislative risk erode returns at home. With over 60% of New York City’s rental housing stock classified as rent-stabilized, the traditional value-add model — buying under-performing buildings,