Bank United Provides $15.4M Acquisition Loan For Bronx Industrial Property | 1335 East Bay Avenue, 407, 421 & 412 Longfellow Avenue | Bryan Geffen | Industrial | Loan

Summary

Loan

NEW YORK

Industrial

55,000 sqft

The industrial property located at 1335 East Bay Avenue, 407, 421 & 412 Longfellow Avenue in the Bronx has been involved in a closed transaction. The property spans a total area of 55,000 square feet.

Summary of transaction details:

Property Type: Industrial
Date: 09/22/2022
Address: 1335 East Bay Avenue, 407, 421 & 412 Longfellow Avenue, Bronx
Market: Bronx
Loan Amount: $15,408,000
Loan Type: Acquisition
Loan Terms: 175bps over 10-year Treasury, 10-year term, 25-year amortization, 80% LTV

The loan for this transaction was provided by Bank United. Bryan Geffen from Meridian Capital Group and Nicholas Athineos from Bank United acted as the brokers in this deal.

Players

All
2

Agents
1
Agencies
1

Bryan Geffen

Vice President

Meridian Capital Group

Details

Deal Summary

FINANCED

IMAGE: Nicholas Athineos & Bryan Geffen DATE: 09/22/2022 ADDRESS: 1335 East Bay Avenue, 407, 421 & 412 Longfellow Avenue MARKET: Bronx ASSET TYPE: Industrial ~ SF: 55,000 LENDER: Bank United (@BankUnited.Official) BROKERS: Bryan Geffen (@BGeff) - Meridian Capital Group (@Meridian.Capital.Group) & Nicholas Athineos - Bank United LOAN AMOUNT: $15,408,000 LOAN TYPE: Acquisition LOAN TERMS: 175bps over 10 year Treasury, 10-year term, 25 Year Amortization, 80% LTV

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Address1335 East Bay Avenue, 407, 421 & 412 Longfellow Avenue

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