Jemal family’s ISJ Management refi Fordham retail with $10.3M from Capital One

The Jemal family’s ISJ Management through the entity 2-20 East Fordham Road Associates LLC as borrower signed a loan agreement with lender Capital One valued at $10.3 million for 1 parcel, including the tax class one-story store building (K1) at 2440 Jerome Avenue in Fordham. The deal closed on January 12, 2021 and was recorded on January 27, 2021.
The property contains a total of 19,128 square feet of built space.
The average loan per buildable square foot is $537.
ISJ is an affiliate of the Jemal family’s JJ Operating. The signatories were Isaac Jemal and Samuel Jemal.
Over the past five years, there has been one NYC Department of Buildings permit application filed for this parcel valued at more than $20,000.

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