Altmark Group Secures $9.4 Million Refinance Loan From JP Morgan Chase For South Bronx Industrial Property
FINANCED
$9,400,000
New York
See Similar DealsIndustrial77,000 SF
Financed 04/24/2025
FINANCED
Altmark Group Secures $9.4 Million Refinance Loan From JP Morgan Chase For South Bronx Industrial Property
820 East 140th Street
See Similar DealsIndustrial77,000 SF
Financed 04/24/2025
Summary
NEW YORK
Asset Type:Industrial
Price Per Square Foot:$122
Total Square Footage:77,000 SF
Transaction Type:Loan
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.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$9,400,000.00
Monthly NOI$62,666.67
Monthly Debt Service$59,414.39
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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