Development Site Fordham
Investment Highlights
Near Fordham University Bronx single tenant (fortune500 retailer) has been at the building 25+ years corner NNN 18ksqFt built 111sqFt of retail frontage. Total buildable 29ksqFt. Lease expires 2030 paying $1m+ NOI in place normal sale owner asking $18.95m negotiable (5.3% cap)
Location
📍 Fordham
🔒 The exact address and location are confidential and are released only after you sign the NCNDA and the listing broker approves your request.
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Who finances deals like this
The lenders with the most recorded development site mortgages in Manhattan since 2021, from public ACRIS filings.
- G4 18267, LLC — 3 loans, typically $1.5M–$68.64M
- Cerco Bl9 LLC — 3 loans, typically $3.07M–$6.91M
- Nw 10 West 17TH Lender LLC — 2 loans, typically $11.32M–$27.68M
- Canada Imperial Bank Of Commerce — 2 loans, typically $1.17M–$18.46M
- Levon 75-83 LLC — 2 loans, typically $4.97M–$5.72M
Crezly connects borrowers and lenders. Crezly is not a loan broker, does not negotiate terms, and receives no compensation contingent on any loan closing.
Underwrite this deal
Pro-forma, debt sizing against real recorded NYC leverage, cash flow, IRR and a sensitivity grid. Free account — no card.
