Yisroel Felberbaum Secures $21.8M Construction Loan For East Morrisania Industrial Building

Yisroel Felberbaum, via 1759-63 W. Farms Rd LLC, has secured a construction loan of $21.8 million from Northeast Community Bank. The loan is for the industrial building located at 1759-1763 West Farms Road in East Morrisania, Bronx. The building has a total square footage of 12,160 and is classified as an industrial property in the East Morrisania market.

Summary of transaction details

• Property Type: Industrial
• Transaction Amount: $21,800,000
• Address: 1759-1763 West Farms Road
• Market: East Morrisania, Bronx
• Square Footage: 12,160

Yisroel Felberbaum, represented by Northeast Community Bank, has successfully secured the construction loan for the industrial property. This loan will enable the development and construction of the building, further contributing to the industrial market in East Morrisania, Bronx.