Yung Ching Siu Secures $18.7M Loan From Axos Bank For Mt. Vernon Industrial Building
4855 Baldwin Street Bronx, NY 10470, USA
$18,700,000
$646/SF
Building Size
28,910 SF
Asset Type
Industrial
Closing
Jun 30, 2023
AI
Yung Ching Siu secured an $18.7 million loan from Axos Bank for the industrial building located at 4855 Baldwin Street in Mt. Vernon, Bronx. The property is an industrial asset with a building square footage (BSF) of 30,750 and a total square footage (SF) of 28,910.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $18,689,854
- Address: 4855 Baldwin Street, Mt. Vernon, Bronx
- Market: Mt. Vernon, Bronx
- Lender: Axos Bank
- Landlord: Yung Ching Siu
- BSF: 30,750
- SF: 28,910
The loan from Axos Bank will enable Yung Ching Siu to proceed with their plans for the industrial building at 4855 Baldwin Street. This transaction highlights the collaboration between the borrower, Yung Ching Siu, and the lender, Axos Bank, in securing the financial resources necessary for their real estate venture in Mt. Vernon, Bronx.
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
0.85%
Cash-on-Cash
-0.24%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93