Updated Feb 17, 2026
East Coast Petroleum Refinances Mott Haven Industrial Properties With Flagstar Bank For $5.9M
340 Jackson Avenue & 336 Jackson Avenue
$5,900,000
$145/SF
Building Size
20,248 SF
Asset Type
Industrial
Closing
Jan 30, 2026
About this deal
AI
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.
On the Map
$5,900,000
$145/SF
Industrial
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.69%
Cash-on-Cash
-0.77%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93