facebook

traded

+ Submit
Home

/

Deals

/

New York

/

Industrial

/

Loan

/

840 East 134th Street, The ...

Moishe Mana Refinances Mott Haven Industrial Property With $21.5M Loan From JPMorgan Chase
FINANCEDIndustrial

Moishe Mana Refinances Mott Haven Industrial Property With $21.5M Loan From JPMorgan Chase

840 East 134th Street, The Bronx, New York 10454, United States

$21,500,000

$138/SF

Building Size

155,000 SF

Asset Type

Industrial

Closing

Sep 26, 2022

AI

The asset involved in this transaction is an industrial property located at 840 East 134th Street in the Mott Haven market of the Bronx. The property covers a total square footage of 155,000 and has been refinanced for a total amount of $21,500,000.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: $21,500,000
  • Loan Amount: $21,500,000
  • Loan Type: Refinance
  • Lender: JPMorgan Chase - Candance Falsetto
  • Landlord: Moishe Mana

The key individuals involved in this deal include Candance Falsetto, who represents JPMorgan Chase as the lender. Moishe Mana acts as the landlord for the property, playing a significant role in this financial transaction.

Players

Moishe Mana

Mana Common

Broker

$869.1M

vol

27 deals

Broker
J.P. Morgan Chase
J.P. Morgan ChaseLender
Moishe Mana

Moishe Mana

Mana Common

Landlord

$869.1M

vol

27 deals

Landlord

New York Industrial Market Snapshot

Boundary boundary · Industrial · Loan transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.74%

Cash-on-Cash

-0.21%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93