3650 Capital Provides $24 Million Construction Loan For 949-Unit Self Storage In Yonkers

1060 Nepperhan Avenue

$24,000,000

Units

949

Asset Type

Self Storage

Closing

Aug 10, 2026

AI

The asset involved in this transaction is a self-storage development located at 1060 Nepperhan Avenue in Yonkers, New York, comprising 949 units. The project has received senior construction financing of $24 million, aimed at completing the development.

Summary of transaction details:

Property Type: Self Storage
Transaction Amount: $24,000,000
Address: 1060 Nepperhan Avenue
Market: Yonkers
Units: 949
Lender: 3650 Capital
Landlord: Ken Cayre & Jack Cayre - Cayre Equities
Broker: David Eyzenberg - Eyzenberg & Company
Loan Type: Construction

Ken Cayre and Jack Cayre of Cayre Equities are the landlords for this project, while the broker handling the transaction is David Eyzenberg from Eyzenberg & Company. The construction loan provided by 3650 Capital supports the development efforts led by Cayre Equities and KCT Inc.

Players