Updated Aug 24, 2026
Robert Nelson's Global One Investments Secures $21 Million Loan From J.P. Morgan Chase In Bronx
1730 Mulford Avenue
$21,000,000
$64/SF
Building Size
326,000 SF
Asset Type
MultiFamily
Closing
Aug 14, 2026
About this deal
AI
The property asset involved in this transaction is a multifamily residential building located at 1730 Mulford Avenue in Pelham Bay, Bronx. The building encompasses a total square footage of 326,000 and consists of 285 units.
Summary of transation details:
- Property Type: MultiFamily
- Transaction Amount: $21,000,000
- Address: 1730 Mulford Avenue
- Market: Pelham Bay, Bronx
- Lender: J.P. Morgan Chase
- Landlord: Robert Nelson - Global One Investments
The key individuals in this deal include Robert Nelson, representing Global One Investments, and Jamie Dimon from J.P. Morgan Chase. Global One Investments secured financing to refinance debt that was previously held by Santander Bank.
Players
Avenue MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.76%
Cash-on-Cash
-0.22%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93