1749 Grand Concourse

Isaac Herskovitz closes on $53M loan for B上海龙凤论坛sh1f

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ronx building ECB Capital Group arranged the上海千花网

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financing for 1749 Grand Concourse

1749 Grand Concourse (Credit: Google Maps)

Prolific multifamily landlord Isaac Herskovitz has closed on a $53 million loan for the mixed-use building at 1749 Grand Concourse in the Bronx.

The 13-story building contains 278 residential apartments, retail space and a penthouse used爱上海

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by the New York City Housing Authority.

Lakewood, New Jersey-爱上海龙凤419桑拿

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based ECB Capital Group arranged the financing, the company told The Real Deal.

Herskovitz, who owns a swath of multifamily buildings in Brooklyn, Upper Manhattan and the Bronx, purchased 1749 Grand Concourse from Azure Partners in May 2015 for $49.5 million with a $37 million loan from Bank United. Azure had purchased it for $35 million in 2013 from Irving Langer s E M Associates.

Lightstone Group recently signed a contract to buy the Bronx portion of a 350-unit, seven-building portfolio for about $50 million, and a group of in上海夜网论坛

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vestors led by Ben and Joe Soleimani is in contract to buy a 15-building portfolio in the Bronx from Isaac Kassirer and Harbor Group International for $65 million.


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