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
New York 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
0.74%
Cash-on-Cash
-0.21%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93