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35 Ryerson Street

Updated Dec 18, 2025

Bruce C. Roch, Jr. Secures $152M Refinance From Wells Fargo For Self-Storage Properties
FINANCEDIndustrial

Bruce C. Roch, Jr. Secures $152M Refinance From Wells Fargo For Self-Storage Properties

35 Ryerson Street, 30 28 Starr Avenue, 48 50 Metropolitan Avenue & 3329 Atlantic Avenue

$152,000,000

Building Size

—

Asset Type

Industrial

Closing

Dec 1, 2025

About this deal

AI

The transaction involves an industrial asset portfolio across multiple locations including 35 Ryerson Street, 30-28 Starr Avenue, 48-05 Metropolitan Avenue, 3329 Atlantic Avenue, 257R Euclid Avenue, 279 Euclid Avenue, 112 Bruckner Boulevard, and 979 Brook Avenue. The loan amount for this refinance deal is $152,000,000, which is intended to replace $128.57 million of prior debt held with JPMorgan Chase. The market for these properties includes Brooklyn, Queens, and the Bronx.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: $152,000,000
  • Lender: Wells Fargo
  • Landlord: Bruce C. Roch, Jr. - Storage Post
  • Market: Brooklyn, Queens & Bronx
  • Loan Type: Refinance

The refinance was closed by Storage Post under the leadership of Bruce C. Roch, Jr., reinforcing their position in the self-storage industry. This strategic decision to secure a refinancing deal with Wells Fargo highlights the financial management approach taken for maintaining and enhancing the portfolio of assets within key urban areas.

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$152,000,000

Industrial

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Players

Wells Fargo
Wells FargoLender
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Brooklyn Industrial Market Snapshot

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.10%

Cash-on-Cash

-0.03%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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