Updated Oct 29, 2024
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
$10,000,000
$78/SF
Building Size
128,000 SF
Asset Type
Industrial
Closing
Nov 29, 2020
About this deal
AI
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.
On the Map
$10,000,000
$78/SF
Industrial
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Players
New York 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
1.59%
Cash-on-Cash
-0.45%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93