Berko & Associates Closes Conversion Deal for $1.81 Million

Our Expertise

We add value to our clients by utilizing a totally hands-on approach to every transaction we get involved in. We play a highly proactive role in understanding your needs by working with you to design a complete capitalization plan, whether for the acquisition of an asset or for planning a development project. We apply our intimate knowledge of debt and equity financing structures employed by appropriate capital providers in varying markets. Once a particular lender or investor is engaged, we play an active and on-going role in the negotiation of terms and in reviewing requisite documents throughout the due diligence process and up to closing.

Our track record and close relationships in the lending community allow us to provide clients a broad range of financing alternatives at highly competitive loan terms, by accessing a wide spectrum of financing sources across the capital markets.

Berko & Associates is pleased to announce the sale of 1790 Marmion Avenue in the Bronx for $1.81 million. The property is a vacant, three-story, 5800 SF  building that used to be a  state-owned facility. The building will be converted to a residential property, capitalizing on the changing demographic in the Crotona Park neighborhood of the Bronx.

The property is located on Marmion Avenue, between Crotona Park East and East 175th Street, just four blocks from the 2 and 5 train stations.

The deal was brokered by Lee Silpe.