New York CityNew York City

Purchase of Non Perfoming Debt – Bronx Corner Retail Building

Brick Realty Capital LLC, through an affiliate entity, purchased a non-performing first mortgage that encumbers an 8100 square foot 1  story commercial building. Located in Soundview section of The Bronx, the corner property is comprised of several retail stores and offices. Brick closed on the purchase of the loan within 5 days of the accepted offer.