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Dime Community Bank Provides $9 Million Loan For Industrial Buildings In Port Morris, Bronx

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FINANCED
$9,000,000

New York

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Industrial80,200 SF
Financed 12/15/2020
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FINANCED

Dime Community Bank Provides $9 Million Loan For Industrial Buildings In Port Morris, Bronx

805 E 139th St, Port Morris, Bronx, NY, USA

See Similar Deals
Industrial80,200 SF
Financed 12/15/2020
the dealplayerscompscontact
Contact now

Summary

NEW YORK
Asset Type:Industrial
Price Per Square Foot:$112
Total Square Footage:80,200 SF
Transaction Type:Loan

Two industrial properties located at 805 East 139th St. and 820 East 140th St. in Port Morris, Bronx, have recently undergone a closed transaction. The properties, situated in the South Bronx / Port Morris area, offer ground floor and upper floor industrial space available for lease. The transaction involved a loan of $9,000,000 provided by Dime Community Bank. Charlie Terrasi, representing Dime Community Bank, played a crucial role in the deal. The landlord of these properties is Altmark Group.

Summary of transaction details

  • Property Type: Industrial
  • Transaction Amount: $9,000,000
  • Lender: Dime Community Bank - Charlie Terrasi
  • Landlord: Altmark Group

Contact Oren Altmark at (718)-401-1511 Ext: 207 for more information about leasing the available industrial space in South Bronx / Port Morris.

Players

Dime Community Bank
Dime Community Bank
LENDER
A
AltmarkGroup
LANDLORD

Details

FINANCED
IMAGE: Charlie Terrasi DATE: 12/15/2020 ADDRESS: 805 East 139th St. & 820 East 140th St. MARKET: Port Morris, Bronx ASSET TYPE: Industrial LENDER: Dime Community Bank - Charlie Terrasi LANDLORD: @AltmarkGroup AMOUNT: $9,000,000 NOTE: South Bronx / Port Morris Ground Floor & Upper Floor Industrial space currently available for lease. Call Oren Altmark at (718)-401-1511 Ext: 207 for more details.

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$9,000,000.00

Monthly NOI$60,000.00
Monthly Debt Service$56,886.12
Change in Cash Flow$0.00
Refinance Proceeds$0.00