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820 East 140th Street

Updated May 12, 2025

Bilt advertisement
Altmark Group Secures $9.4 Million Refinance Loan From JP Morgan Chase For South Bronx Industrial Property
FINANCEDIndustrial

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

J.P. Morgan Chase
J.P. Morgan ChaseLender

Bronx Industrial Market Snapshot

Boundary boundary · Industrial · Loan transactions

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Deal FAQ

About $122 per square foot on a published $9.4M for 77,000 square feet (2025).

Browse Bronx industrial loans on Traded.

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

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