uuid

dealPage_DealQuery

viewer

wrapper_Viewer

dealPage_dealHeaderViewer

dealPage_DealPassReasonViewer

dealPage_DealInquiryProviderViewer

dealPage_DealFooterForCustomDesignViewer

dealPage_DealBodyViewer

dealPage3_DealPage3Viewer

teaserDealPage_TeaserDealPage_Viewer

content

wrapper_Content

deal

type

dealName

dealHeadline

filesUrl

viewerIsEditor

dealEditUrl

files

dealPageType

landingPageContent

dealPage_dealOwnerHeader

dealPage_dealHeader

dealPage_dealBody

dealPage_dealMap

dealPage_dealPassReasonFooter

dealMeta_Deal

dealPage_DealHeaderForCustomDesign

dealPage_DealBodyForCustomDesign

dealPage_DealFooterForCustomDesign

dealPage_DealInquries

vdrTable_VdrTableDeal

dealPage3_DealPage3

teaserDealPage_TeaserDealPage

actor

canFavoriteDeals

demoUrl

dealPageUrl

dealTypes

highlightedEconomics

totalDealSizeMillions

addresses

economics

teaser

offeringMemo

user

galleryFiles

propertyTypes

riskProfiles

dealDescription

richDescription

shouldSpotlightDealUser

highlightedUsers

ownerCompanies

sponsorEquityMillions

financedPreferredEquityMillions

financedPreferredEquityFilled

financedPermanentLoanMillions

financedPermanentLoanFilled

financedMezzLoanMillions

financedMezzLoanFilled

financedLpjvEquityMillions

financedLpjvEquityFilled

financedLandLoanMillions

financedLandLoanFilled

financedConstructionLoanMillions

financedConstructionLoanFilled

financedCogpEquityMillions

financedCogpEquityFilled

financedBridgeLoanMillions

financedBridgeLoanFilled

sponsorEquityPercent

financedCogpEquityPercent

financedLpjvEquityPercent

financedPreferredEquityPercent

financedMezzLoanPercent

financedConstructionLoanPercent

financedBridgeLoanPercent

financedPermanentLoanPercent

financedLandLoanPercent

inquiries

company

viewerPassReasons

potentialPassReasons

pageDesign

visibility

thumbnailImage

publicImage

dashboardUrl

approvalWorkflow

<div style="display: flex; flex-direction: column; margin-top: 0.15rem; width: 200px; height: fit-content; align-items: left;
 justify-content: center; font-family: Inter,sans-serif; ">
 <img src="https://cf.reverecre.com/cdn-cgi/image/w=200,h=undefined,fit=scale-down/https://storage.googleapis.com/revere-user-uploads/project%2F3830af39-8959-4ffc-abbd-c72a911a457c%2F184d13be-8c1c-481d-a8f5-45d590ce00ca" onerror="this.style.display='none'" alt="Mark Terrace Co-Op Image" style="object-fit: cover; width: 200px;" />
 Multifamily 
 
 Mark Terrace Co-Op
 
 Bronx, NY 
 By Meridian Capital Group

 <a href="/user/82c5898a-f8cd-4b4c-ae32-69e6799d295a" style="margin-top: 0.5rem; font-size: 10px; text-decoration: underline;">Amit Doshi</a>
 
 Senior Executive Managing Director
 
 
 <a href="tel:212-468-5959" style="margin-top: 0.25rem; font-size: 10px; text-decoration: underline;">212-468-5959</a>
 

 <a href="https://platform.reverecre.com/project/3830af39-8959-4ffc-abbd-c72a911a457c" target="_blank" style="text-decoration: underline; color: #2E74B3; text-align: left; margin-top: 0.5rem">
 View Listing
 </a>
 </div>

Meridian has arranged financing for many of the country’s leading real estate investors and developers. The experts on our in-house underwriting and placement teams tailor creative, best-in-class solutions for our clients’ unique needs.

Clients benefit from our long-standing relationships with more than 250 traditional and non-traditional lenders, including local, regional, and national banks; CMBS lenders; agency lenders; mortgage REITs; life insurance companies; credit unions; private equity funds; and other specialty finance firms.

Service is Meridian’s hallmark, which in tandem with substantial experience across our three divisions has allowed us to achieve the most accretive and creative solutions for our clients in a seamless process that maximizes value at every step. Meridian’s clients also benefit from our unparalleled, real-time market intelligence and our deep relationships with a full array of local, national, and international buyers, enabling us ot target a subset of the most likely buyers of any given property.

Meridian’s investment sales division distinguishes itself with our intimate knowledge of New York City real estate, having a detailed understanding of not only how tenancies and cash flows drive value, but also how zoning, land use, air rights, and alternative uses are integral parts of a property’s economics.

Meridian’s retail leasing team understands the market, knows the active operators, and cultivates targeted opportunities for each asset to achieve favorable results for our clients. Our retail leasing knowledge is further supported by the company’s unparalleled access to information and comparables via the firm’s debt capital markets and investment sales businesses, providing clients with exceptional service and in-depth market insights.

Senior Executive Managing Director

Managing Director

Financial Analyst

Marketing Associate

Free Market Upon Unit Turnover: Currently 31 of the Sponsor Units are occupied by rent stabilized tenants and one Sponsor Unit will be delivered vacant at closing. Upon vacancy, each unit may be sold at market value.

Discount to Market Value: $1,950,000 is a 79% discount to the $9,400,000 market value ($300 PSF). This assumption is based upon complete gut renovation of the unit with modern amenities.

Neighborhood Attractions: Proximity to Pelham Bay Park, New York Botanic Gardens, Jacobi Hospital, and Co-Op City. Notable retail includes Shop-well Plaza and Peartree Square Shopping Plaza.

Proximity to Major Transportation: The property is situated between Boston Road and the New England Thruway and is steps away from the 5 Train on Baychester Avenue.

Sales Team

Meridian Investment Sales has been exclusively retained to sell a sponsor held package of 32 unsold units in the Mark Terrace Co-Op that are currently occupied by rent stabilized tenants. Upon unit turnover, the unit can be sold and/or rented at market value.

Built in 1965, Mark Terrace Owners’ Corp., is located at 3410 De Reimer Avenue in the Eastchester section of the Bronx. It is a 16-story doorman elevator cooperative building which is in immaculate condition. The 32 units are located within the 208-unit mid rise. The property is a short drive to Pelham Bay Park, Co-op City, New York Botanic Gardens, Jacobi Hospital, major highways as well as subway stop to NYC.

Mr. Doshi joined Meridian Investment Sales as a Senior Executive Managing Director to head the mid-market multifamily investment sales sector. Prior to joining Meridian, Mr. Doshi spent 30 years as a partner at a boutique investment sales firm, spearheading a tight knit team of 20 investment sales brokers. To date, Mr. Doshi has sold over 1,400 investment properties whose market value is in billions, making him one of the most prolific and consistent producers in New York City investment arena in the last three decades.

His experience consists of selling more than 55 million square feet comprising of 63,500 apartments, 2,850 retail and commercial spaces as well as several land development properties in NYC and its boroughs. Mr. Doshi has achieved an average of 40 deals per year throughout his career, including 57 deals in 2005. In 2007, he set the mark even higher, by selling a multifamily portfolio for a single family comprising of 108 buildings for a record price of $295,000,000. From multifamily properties to land assemblages, he has gained a strong foothold by mastering the vagaries associated with rent stabilization, regulatory agreements, complex leaseholds, ground leases and zoning laws. Mr. Doshi was recruited to dispose Real Estate Owned and non-performing loans during the 1990's banking and real estate crisis for quasi government institutions such as Federal Home Loan Mortgage Corporation (FHLMC), Resolution Trust Corporation (RTC) as well as many leading Commercial banks, S & L's and private lenders.

He has been named a "Power Broker" for multiple years by CoStar Research and other industry experts, in recognition of being one of top 10 Brokers in sales transactions. Mr. Doshi received his B.S in Engineering from the State University of New York at Stony Brook. He is an ardent supporter of numerous charitable causes as well as is a member of many professional organizations.

Overview

Investment Highlights

Photo Gallery

Sales Team

Inquire