Updated Oct 29, 2024
JP Morgan Asset Management Provides $80M Refinance Loan For Industrial Property In Yonkers
555 Tuckahoe Rd, Yonkers, NY 10710, USA
$80,000,000
$183/SF
Building Size
435,000 SF
Asset Type
Industrial
Closing
Aug 19, 2020
About this deal
AI
The industrial property located at 555 Tuckahoe Road in Yonkers has been involved in a recent transaction. The transaction took place on August 20, 2020. The property is owned by Alfred Weissman Real Estate and the lender for this transaction was JP Morgan Asset Management. The loan amount for this refinance deal was $80,000,000. The property spans approximately 435,000 square feet and is leased to UPS.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $80,000,000
- Address: 555 Tuckahoe Road
- Market: Yonkers
The transaction was facilitated by Gideon Gil, Zachary Kraft, and Meredith Donovan from Cushman & Wakefield, who represented the parties involved in the deal.
Players
City of Yonkers 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
0.20%
Cash-on-Cash
-0.06%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93