East Coast Petroleum Refinances Mott Haven Industrial Properties With Flagstar Bank For $5.9M

The property involved in the transaction includes 340 Jackson Avenue and 336 Jackson Avenue, located in the Mott Haven market of Bronx. This industrial asset has a total building size of 20,248 square feet with a total building square footage of 56,366. The property was refinanced for an amount of $5,900,000.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $5,900,000
• Lender: Flagstar Bank
• Landlord: East Coast Petroleum
• Loan Type: Refinance
• Date of Transaction: 01/30/2026

East Coast Petroleum, through its entity 141 & Jackson LLC, engaged in refinancing seven industrial properties in Mott Haven with Flagstar Bank, increasing the previous loan amount from $1.8 million.