JPMorgan Chase Provides $28M Acquisition Loan For Morrisania Industrial Property

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.