Altmark Group Secures $9.4 Million Refinance Loan From JP Morgan Chase For South Bronx Industrial Property
820 East 140th Street
$9,400,000
$122/SF
Building Size
77,000 SF
Asset Type
Industrial
Closing
Apr 23, 2025
AI
The property asset involved in the transaction is an industrial building located at 820 East 140th Street & 805 East 139th Street in the South Bronx | Port Morris market. The asset encompasses a total square footage of 77,000 and has a loan amount of $9,400,000 associated with it.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $9,400,000
- Loan Type: Refinance
- Lender: JP Morgan Chase
- Landlord: Altmark Group
- Date of Transaction: 04/28/2025
The deal involves Altmark Group as the landlord. For all South Bronx Industrial Warehouse & Commercial requirements, interested parties can reach out to Altmark Group at 917-740-3885. All brokers are welcomed and encouraged to contact them for collaboration.
Players
Bronx 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
1.69%
Cash-on-Cash
-0.48%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93