Dynamic Star signs $24.5M loan for land in University Heights

Dynamic Star through the entity Ds Fordham Landing 1 LLC as borrower signed a loan with lender Gs Fordham Lender LLC valued at $24.5 million for the industrial (U6) at West Fordham Road in University Heights, Bronx.
The deal closed on May 28, 2021 and was recorded on July 21, 2021.
The property has 0 square feet of built space and 557,968 square feet of additional air rights for a total buildable of 557,968 square feet according to PincusCo analysis of city data. The loan price per built square foot is $N/A and the price per buildable square foot is $43 per the PincusCo analysis.
The owner bought the property on 3-Jun-19, for $31.6 million.

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