Dime Community Bank Provides $10M Loan For 128,000 SF Industrial Property In Port Morris, Bronx
FINANCED
$10,000,000
New York
See Similar DealsIndustrial128,000 SF
Financed 11/30/2020
FINANCED
Dime Community Bank Provides $10M Loan For 128,000 SF Industrial Property In Port Morris, Bronx
728 E 136th St, The Bronx, NY 10454, USA
See Similar DealsIndustrial128,000 SF
Financed 11/30/2020
Summary
NEW YORK
Asset Type:Industrial
Price Per Square Foot:$78
Total Square Footage:128,000 SF
Transaction Type:Loan
The industrial property located at 728 E 136th Street in Port Morris, Bronx was involved in a closed transaction. This property spans a total of 128,000 square feet and is owned by The Altmark Group.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $10,000,000
- Lender: Dime Community Bank - Team Terrasi
- Landlord: The Altmark Group
- Loan Terms: 10 Year Fixed
Dime Community Bank - Team Terrasi provided a loan of $10,000,000 for this transaction, with a fixed term of 10 years. The property is managed by The Altmark Group in Port Morris, Bronx.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$10,000,000.00
Monthly NOI$66,666.67
Monthly Debt Service$63,206.80
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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