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825 East 141st Street, The ...

LibreMax Capital Provides $85M Loan For Mixed-use Property At 825 E. 141st St., Port Morris, Bronx
FINANCEDMixed-use

LibreMax Capital Provides $85M Loan For Mixed-use Property At 825 E. 141st St., Port Morris, Bronx

825 East 141st Street, The Bronx, NY, USA

$85,000,000

$304/SF

Building Size

278,868 SF

Asset Type

Mixed-use

Closing

Dec 26, 2019

AI

An $85,000,000 loan has been secured for a mixed-use property in Port Morris, Bronx. The property, located at 825 E. 141st St., spans 278,868 square feet and sits on 1.1 acres of land. It consists of a 278,868 square foot office building with 23 parking spaces.

Summary of transaction details

  • Property Type: Mixed-use
  • Transaction Amount: $85,000,000
  • Address: 825 E. 141st St.
  • Market: Port Morris, Bronx
  • Loan: LibreMax Capital
  • Landlord: The Altmark Group, The Bluestone Group, Gailil Management
  • Broker: Brad Domenico - Progress Capital

The loan was facilitated by Brad Domenico of Progress Capital. The Altmark Group, The Bluestone Group, and Gailil Management are the landlords of the property.

Players

Brad Domenico

Cushman & Wakefield

Broker

$3.8B

vol

137 deals

Broker
Libremax Capital
Libremax CapitalLender

New York 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

0.19%

Cash-on-Cash

-0.05%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93