FINANCEDRetail
JP Morgan Chase Refinances Bronx Retail Property For $4.5M With Meridian Capital Group
2182 White Plains Road
$4,500,000
Building Size
—
Asset Type
Retail
Closing
Feb 15, 2024
AI
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $4,500,000
- Address: 2182 White Plains Road, Bronx
- Market: Bronx
- Lender: JP Morgan Chase
- Brokers: Ezra Sutton & Avi Weinstock - Meridian Capital Group
- Loan Type: Refinance
Players
Bronx Retail Market Snapshot
Boundary boundary · Retail · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
3.53%
Cash-on-Cash
-1.01%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93