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2403 Third Avenue

Cory Halpert Of Edge Realty Advisors Represents Landlord In $10M Refinance Loan In Bronx
FINANCEDIndustrial

Cory Halpert Of Edge Realty Advisors Represents Landlord In $10M Refinance Loan In Bronx

2403 Third Avenue

$10,000,000

$257/SF

Building Size

38,850 SF

Asset Type

Industrial

Closing

Jan 6, 2026

AI

The property asset involved is an industrial type located at 2403 Third Avenue in the Bronx, covering a total square footage of 38,850. The loan transaction executed was for a refinance amount of $10,000,000 with loan terms lasting 5 years.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: $10,000,000
  • Loan Type: Refinance
  • Loan Terms: 5 Years
  • Lender: Spring Bank
  • Landlord's Representative: Cory Halpert - Edge Realty Advisors

This transaction highlights the roles of the key individuals involved, particularly the landlord's representative, Cory Halpert, who is associated with Edge Realty Advisors. The lender facilitating the loan is Spring Bank, indicating the financial backing that supports this property asset transaction.

Players

Cory Halpert

Edge Realty Advisors

Broker

2 deals

Broker
Edge Realty Advisors
Edge Realty AdvisorsBrokerage

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

1.59%

Cash-on-Cash

-0.45%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93