Updated Oct 29, 2024
Dime Community Bank Provides $9 Million Loan For Industrial Buildings In Port Morris, Bronx
805 E 139th St, Port Morris, Bronx, NY, USA
$9,000,000
$112/SF
Building Size
80,200 SF
Asset Type
Industrial
Closing
Dec 14, 2020
About this deal
AI
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.
On the Map
$9,000,000
$112/SF
Industrial
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Players
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Boundary boundary · Industrial · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.76%
Cash-on-Cash
-0.50%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93