Getir signs $100M refi with UBS for warehouse in Mott Haven

Getir through the entity Fresh Property Bronx, LLC as borrower signed a refi loan with lender UBS valued at $100 million for three parcels including the Fresh Direct distribution complex (E9) at 2 St. Ann’s Avenue in Mott Haven, Bronx.
The deal closed on May 27, 2026 and was recorded on June 2, 2026. The prior lender was WhiteHawk Capital Partners which held debt that had an original loan amount of $70 million. The three properties have 613,339 square feet of built space and 5,184,177 square feet of additional air rights for a total buildable of 5,795,636 square feet according to a PincusCo analysis of city data. The loan price per built square foot is $163 and the price per buildable square foot is $17 per the PincusCo analysis. (The price per square foot analysis is the transaction price divided by square feet as reported in public records and assumes no air rights have been sold.)
The signatory for Getir was Turancan Salur. The signatory for UBS was Racquel Small and Jeremy Schneider .

Because multiple properties have been transacted, some of the following sections will follow the property with the largest assessed value, which in this case, is the property on N/A St. Ann’S Avenue.

Prior sales, articles and revenue

Out of the three properties, one with a total of 613,339 square feet of built space generated revenue of $22.4 million per year.

The property

The industrial building in Mott Haven has 613,339 square feet of built space and 5,184,177 square feet of additional air rights for a total buildable of 5,795,636 square feet according to a PincusCo analysis of city data. The parcel has frontage of zero feet and is zero feet deep with a total lot size of 304,679 square feet. The zoning is M3-1 which allows for up to 2 times floor area ratio (FAR) for manufacturing The city-designated market value for the property in 2022 is $6.2 million. UBS on May 27, 2026 bought a loan with an original principal of $70.0M from Whitehawk Capital Partners Lp_Ai signed by John Ahn , secured by N/A St. Ann’S Avenue, 2 St. Ann’S Avenue, and N/A St. Ann’S Avenue, when owned by Getir.

Violations and lawsuits

There were no lawsuits or bankruptcies filed against the properties for the past 24 months. In addition, according to city public data, the properties have received $1,875 in OATH penalties in the last year.

Development

For the tax lot buildings, one out of the three buildings received a initial certificate of occupancy in the last ten years. There are no active new building construction projects or major alteration projects with initial costs more than $1 million on this tax lot.

The neighborhood

In Mott Haven, The bulk, or 45 percent of the 41.7 million square feet of commercial built space are elevator buildings, with industrial buildings next occupying 23 percent of the space. In sales, Mott Haven has near average sales volume among other neighborhoods with $340.2 million in sales volume in the last two years and is the highest in Bronx. For development, Mott Haven has 2.4 times the average amount of major developments relative to other neighborhoods and is the highest in Bronx. It had 3.9 million square feet of commercial and multi-family construction under development in the last two years, which represents 9 percent of the neighborhood’s built space. There were 72 pre-foreclosure suit filed among other industrial buildings in the past 12 months.

The block

On the tax block of N/A St. Ann’S Avenue, PincusCo has identified the owners of three of the eight commercial properties representing 913,339 square feet of the 1,118,035 square feet. The two identified owners are Getir and Benenson Capital Partners.
There are no active new building construction projects on this tax block.

The majority, or 100 percent of the 1.1 million square feet of built space are industrial buildings, with specialty buildings next occupying 0 percent of the space.

The borrower

The PincusCo database currently indicates that Getir owned at least three commercial properties in New York City with 613,339 square feet and a PincusCo-determined asset value of $223.9 million. The portfolio has $70 million in debt, borrowed from WhiteHawk Capital Partners. Within the portfolio, all identified are industrial properties.

Direct link to Acris document. link