Updated Jun 5, 2025
JPMorgan Chase Provides $28M Acquisition Loan For Morrisania Industrial Property
3350 Park Avenue
$28,000,000
$202/SF
Building Size
138,000 SF
Asset Type
Industrial
Closing
Feb 3, 2022
About this deal
AI
3350 Park Avenue in Morrisania is the site of a recent closed property transaction. This industrial property spans approximately 138,000 square feet, showcasing its significant size and potential for various uses. The deal, which took place on 03/02/2022, involved an acquisition loan of $28,000,000.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $28,000,000
- Address: 3350 Park Avenue
- Market: Morrisania
- Asset Type: Industrial
- Square Footage: 138,000
The lender for this transaction was JPMorgan Chase, providing the capital for the acquisition loan. The landlord of 3350 Park Avenue is Storage Post Self Storage, represented by Dylan Delaune and Jack Giannola. Skyview Advisors, with Aaron Sanchez as their representative, acted as the broker in this deal.
On the Map
$28,000,000
$202/SF
Industrial
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Players
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
0.57%
Cash-on-Cash
-0.16%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93