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New York Investment Group Buys 11-Building Bronx Portfolio for $49M

Monday, April 24, 2017

Jonathan Singer and David Metzger of Eastern Union Funding arrange financing for the $36.9 million acquisition loan.


Isaac Kassirer picked up an 11-building Bronx multifamily portfolio from Prana Investments for $49.3 million, according to property records filed with the city Monday.

The head of Emerald Equity Group continued his multifamily buying spree in the city with the purchase of roughly 300 rent-stabilized apartments in the neighborhoods of Fordham Heights, Concourse Village and Belmont. Kassirer closed on the purchase on April 6, records show.

Click here to read about it in The Real Deal.

About Eastern Union Funding Founded in 2001, Eastern Union Funding is one of the nation's strongest and most active commercial mortgage brokerage firms and was named by Crain's New York Business in 2014 and 2015 as one of the top 50 fastest growing companies in NYC. Its award-winning team closes over $3 billion in deals annually, specializing in sophisticated debt and equity solutions for small and mid-sized loans across all property types. Celebrating its 15th year in business, the firm launched its groundbreaking Eastern Union commercial real estate app that serves as a digital toolbox for investors to identify and close deals quickly. It is available in the Apple App Store and via Google Play for Android
Eastern Union is co-headquartered in New York and Howell, New Jersey, with offices in Maryland and Israel. For more information, visit www.easternuc.com.

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