NOTE SALE Distressed Note Sale: Bronx, NY 10467. Mortgage and note secured by commercial property on a major corridor. Building contains three units and is producing income. Opportunity for an experienced buyer to continue foreclosure and take advantage of equity and default interest rate. Serious inquiries only. Please email Raymond@forestparkny.com for additional information. The property is 598 E. Gun Hill Road. BBL: 2-03357-0140. This was a hard money loan at $715K. He went into default last year. They started a foreclosure recently. They are currently owed over $810K. About $60K in water and taxes. Mostly water because the meter is missing. 12.5% rate now accruing at 24%. Current payoff ~ $810K. Three tenants none of which are borrower. Certified rent roll of $100K. Looking to do a deal. I estimate property value at $1.1-$1.2MM. That is conservative.