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2 Saint Ann's Avenue

FINANCEDIndustrial

Getir Secures $100 Million Refinancing From UBS For Bronx Industrial Property At 2 St. Ann's Avenue

2 Saint Ann's Avenue

$100,000,000

$163/SF

Building Size

613,339 SF

Asset Type

Industrial

Closing

May 27, 2026

AI

The property asset involved in the transaction is located at 2 Saint Ann's Avenue in the Bronx, with an industrial asset type. It encompasses a total square footage of 613,339 and a built square footage of 5,795,636. The loan amount secured for the asset is $100,000,000, part of a refinancing deal.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: $100,000,000
  • Loan Type: Refinance
  • Lender: UBS
  • Landlord: Turancan Salur - Getir
  • Previous Loan Amount: $70,000,000
  • Previous Lender: WhiteHawk Capital Partners
  • Company Involved: Fresh Property Bronx LLC

The deal features Turancan Salur representing Getir as the landlord in this refinancing transaction, which includes backing from three Bronx parcels encompassing the FreshDirect distribution complex.

Players

UBS
UBSLender

Avon Industrial Market Snapshot

Boundary boundary · Industrial · Loan transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.16%

Cash-on-Cash

-0.05%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93