Updated Mar 11, 2025
Zions Bank Provides $121.4M Construction Loan For Mt Eden Industrial Property
1504 Macombs Road, Mount Eden, Bronx, NY, USA
$121,400,000
$1,547/SF
Building Size
78,450 SF
Asset Type
Industrial
Closing
Jul 31, 2021
About this deal
AI
The industrial property located at 1504 Macombs Road in Mt Eden has been involved in a recent transaction. The property spans a total of 78,450 square feet and is situated in the Mt Eden market.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $121,400,000
Zions Bank provided a construction loan of $121,400,000 for the project. KIPP NYC serves as the landlord for the property.
The industrial loan at 1504 Macombs Road, Mount Eden, Bronx, NY, USA in Bronx, New York financed for $121.4M in 2021. The building is 78,450 square feet, implying about 1.5K per square foot on the published price. This page is the Bronx, New York file for the 1504 Macombs Road, Mount Eden, Bronx, NY, USA industrial financed: pricing, party profiles, and other closed industrial comps from the same Bronx sit in the Market section below. Filter that Bronx industrial set by closing date to see what else financed near 1504 Macombs Road, Mount Eden, Bronx, NY, USA around 2021. Published consideration for 1504 Macombs Road, Mount Eden, Bronx, NY, USA is $121.4M, dated 2021. Cite this Zions Bank Provides $121.4M Construction Loan For Mt Eden Industrial Property loan when underwriting similar industrial product around Bronx, New York.
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Bronx Industrial Market Snapshot
Boundary boundary · Industrial · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.13%
Cash-on-Cash
-0.04%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93