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
About this deal
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.
On the Map
$85,000,000
$304/SF
Mixed-use
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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