Updated Oct 28, 2024
Columbia Pacific Advisors Provides $36M Loan For Development Site In Bronx
301 West Fordham Road, Bronx, NY 10468
$36,000,000
$75/SF
Building Size
480,320 SF
Asset Type
Development Site
Closing
Jul 1, 2020
About this deal
AI
An exciting development site located at 301 West Fordham Road in the Bronx has recently closed in a transaction. The property, which is classified as a Development Site, boasts an impressive buildable square footage (BSF) of 480,320. The deal was finalized on July 1, 2021.
Summary of transaction details
- Property Type: Development Site
- Transaction Amount: $36,000,000
- Address: 301 West Fordham Road
- Market: Bronx
- BSF: 480,320
Key individuals and companies involved in this transaction include:
- Lender: Columbia Pacific Advisors represented by Will Nelson
- Landlord: Dynamic Star represented by Gary Segal and Brad Zackson
- Brokers: Shlomo Weissberg and Shamir Seidman from Meridian Capital Group
This deal exemplifies the continued growth and development in the Bronx market. The involvement of reputable lenders, experienced landlords, and skilled brokers underscores the significance of this transaction. Such high-profile deals contribute to the overall progress and success of the real estate industry in the area.
Players
New York Development Site Market Snapshot
Boundary boundary · Development Site · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.44%
Cash-on-Cash
-0.13%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93