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Andrew Impagliazzo Secures $10.8M Refinancing Loan For Bronx Industrial Portfolio

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FINANCED
$10,800,000

New York

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Industrial53,660 SF
Financed 10/17/2023
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Property Image
FINANCED

Andrew Impagliazzo Secures $10.8M Refinancing Loan For Bronx Industrial Portfolio

Industrial53,660 SF
Financed 10/17/2023
Contact now

Summary

Asset Type:Industrial
Price Per Square Foot:$201
Total Square Footage:53,660 SF
Transaction Type:Loan

Andrew Impagliazzo, acting through 191 Bruckner LLC, has secured a $10.8 million refinancing loan from PCSB Bank for an industrial portfolio in Mott Haven, Bronx. The portfolio includes eight industrial properties, with addresses at 682 East 137th Street, 687 East 137th Street, and 681 East 136th Street. The total square footage of the portfolio is 53,660 square feet, and the market value is $165,070.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: $10,800,000
  • Lender: Michael J. Schiliro - PCSB Bank
  • Landlord: Andrew Impagliazzo
  • Loan Type: Refinance

Michael J. Schiliro from PCSB Bank served as the lender for this refinancing loan. Andrew Impagliazzo, as the landlord, secured the loan through his entity, 191 Bruckner LLC. The loan will be used to refinance the eight industrial properties in Mott Haven, Bronx. The properties, with addresses at 682 East 137th Street, 687 East 137th Street, and 681 East 136th Street, are part of an industrial portfolio with a total square footage of 53,660 square feet.

Players

LENDER

3 deals$12.6M volume
LANDLORD

Details

FINANCED
IMAGE: 10/17/2023 ADDRESS: Industrial Portfolio MARKET: Mott Haven, Bronx ASSET TYPE: Industrial ~ BSF: 165,070 ~ SF: 53,660 LENDER: Michael J. Schiliro - PCSB Bank LANDLORD: Andrew Impagliazzo LOAN AMOUNT: $10,800,000 LOAN TYPE: Refinance NOTE: Andrew Impagliazzo, acting through 191 Bruckner LLC, secured a $10.8 million refinancing loan from PCSB Bank for eight industrial properties, including those at 682 East 137th Street, 687 East 137th Street, and 681 East 136th Street in Mott Haven, Bronx.

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$10,800,000.00

Monthly NOI$72,000.00
Monthly Debt Service$68,263.35
Change in Cash Flow$0.00
Refinance Proceeds$0.00