Updated May 12, 2025
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
About this deal
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