JJ Operating Refinances Mixed-Use Property At 2850 Third Avenue In Bronx For $19.8M
2850 Third Avenue
$19,800,000
$111/SF
Building Size
177,094 SF
Asset Type
Mixed-use
Closing
Sep 30, 2025
AI
A mixed-use building located at 2850 Third Avenue in Longwood, Bronx has a total square footage of 177,094. The property is being refinanced with a loan amount of $19.8 million.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $19,800,000
- Address: 2850 Third Avenue
- Market: Longwood, Bronx
- Lender: Tristate Capital Bank
- Landlord: Samuel J. Jemal - JJ Operating
- Loan Type: Refinance
JJ Operating, represented by Samuel J. Jemal, is the landlord involved in this refinancing transaction. The loan was secured through Tristate Capital Bank, providing financial support for the property located in Bronx.
Players
Bronx Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.80%
Cash-on-Cash
-0.23%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93