Updated May 20, 2026
Dune Real Estate Partners And Turnbridge Equities Refinance Bronx Logistics Center For $379.1M
980 East 149th Street
$379,100,000
Building Size
—
Asset Type
Industrial
Closing
May 8, 2026
About this deal
AI
The property asset involved in this transaction is located at 980 East 149th Street, in Mott Haven, Bronx. This industrial asset is part of the Bronx Logistics Center, which has undergone refinancing, reflecting its value in the market.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $379,100,000
- Lender: Strategic Value Partners
- Landlord: Daniel Neidich - Dune Real Estate Partners LP
- Landlord: Andrew Joblon - Turnbridge Equities
- Borrower: 980 BLC Owner LLC
- Previous Debt: Replaced prior KKR debt
- Transaction Date: 05/08/2026
This refinance transaction involved key stakeholders, including Daniel Neidich of Dune Real Estate Partners LP and Andrew Joblon of Turnbridge Equities, representing the landlord's interests in the deal. The refinancing through Strategic Value Partners heralds a strategic movement to enhance the property's financial structure.
On the Map
$379,100,000
Industrial
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Players
Market 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
0.04%
Cash-on-Cash
-0.01%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93