Updated Oct 28, 2024
Dynamic Star Secures $24.46M Loan For Industrial Property In University Heights
West Fordham Road, West Bronx, Bronx, NY, USA
$24,460,000
Building Size
—
Asset Type
Industrial
Closing
May 27, 2021
About this deal
AI
The industrial property located at West Fordham Road in University Heights has recently been involved in a loan transaction. The property is owned by Dynamic Star.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $24,460,000
- Address: West Fordham Road
- Market: University Heights
The loan amount for this transaction is $24,460,000.
The industrial loan at West Fordham Road, West Bronx, Bronx, NY, USA in New York, New York financed for $24.5M in 2021. West Fordham Road, West Bronx, Bronx, NY, USA is classified as Industrial on Traded. This page is the New York, New York file for the West Fordham Road, West Bronx, Bronx, NY, USA industrial financed: pricing, party profiles, and other closed industrial comps from the same New York sit in the Market section below. Filter that New York industrial set by closing date to see what else financed near West Fordham Road, West Bronx, Bronx, NY, USA around 2021. Published consideration for West Fordham Road, West Bronx, Bronx, NY, USA is $24.5M, dated 2021. Cite this Dynamic Star Secures $24.46M Loan For Industrial Property In University Heights loan when underwriting similar industrial product around New York, New York.
Players
New York Industrial Market Snapshot
Boundary boundary · Industrial · Loan transactions
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Deal FAQ
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.65%
Cash-on-Cash
-0.19%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93