Updated Oct 26, 2026
Brian D. Milberg Of Sitex Group Secures $22.2M Construction Loan From CIBC Bank USA In Bronx
4275 Boston Road
$22,200,000
$307/SF
Building Size
72,248 SF
Asset Type
Industrial
Closing
Oct 5, 2026
About this deal
AI
The asset involved in this transaction is an industrial property located at 4275 Boston Road, Eastchester, Bronx. It encompasses a total square footage of 72,248. The property is part of the industrial market and has been financed through a construction loan.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $22,200,000
- Lender: CIBC Bank USA
- Landlord: Brian D. Milberg - Sitex Group
- Loan Type: Construction
Key individuals involved in this transaction include Brian D. Milberg, who represents Sitex Group as the landlord and secured the construction financing for the property. CIBC Bank USA facilitated the loan, contributing to the redevelopment of the asset.
On the Map
$22,200,000
$307/SF
Industrial
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Players
Boston 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
0.71%
Cash-on-Cash
-0.20%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93