Updated Oct 29, 2024
MUFG Bank Provides $56M Loan For Industrial Property In Bronx
939 E 138th St, The Bronx, NY 10454, USA
$56,000,000
$43/SF
Building Size
1,291,268 SF
Asset Type
Industrial
Closing
Aug 16, 2020
About this deal
AI
An industrial property located at 939 East 138th Street, 184 Locust Avenue, 290 Locust Avenue, 302 Locust Avenue, and 303 Locust Avenue in the Bronx has been involved in a closed transaction. The property has a total square footage of 1,291,268 and is zoned as M3-1 with a tax class of 4. The lot size measures 385 ft x 442.54 ft.
Summary of transation details
- Property Type: Industrial
- Transaction Amount: $56,000,000
- Lender: MUFG Bank
- Landlord/Tenant: Sprague
- Loan Image: David Glendon
- Date: 08/17/2020
- Market: Bronx
The loan for this transaction was provided by MUFG Bank. Sprague is the landlord/tenant involved in the deal. The property's loan amount is $56,000,000. David Glendon's loan image was associated with this transaction. The transaction took place on 08/17/2020 in the Bronx market.
Players
New York Industrial Market Snapshot
Boundary boundary · Industrial · Loan transactions
Loading comparables…
Deal FAQ
Browse New York industrial loans on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.28%
Cash-on-Cash
-0.08%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93