LibreMax Capital Provides $85M Loan For Mixed-use Property At 825 E. 141st St., Port Morris, Bronx
FINANCED
$85,000,000
New York
See Similar DealsMixed-use278,868 SF
Financed 12/27/2019
FINANCED
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
See Similar DealsMixed-use278,868 SF
Financed 12/27/2019
Summary
NEW YORK
Asset Type:Mixed-use
Price Per Square Foot:$304
Total Square Footage:278,868 SF
Transaction Type:Loan
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.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$85,000,000.00
Monthly NOI$566,666.67
Monthly Debt Service$537,257.82
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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