Mitchell Enterprises signed a $24.1M refi with Sterling National for industrial in Longwood Melrose

Mitchell Enterprises through the entity 192 East 151st Associates, L.P. as borrower signed a refi loan agreement with lender Sterling National Bank valued at $24.1 million for the industrial building (W3) at 192 East 151st Street in Longwood Melrose, Bronx.
The deal closed on March 1, 2021 and was recorded on April 22, 2021.
The property has 84,795 square feet of built space and 0 square feet of additional air rights for a total buildable of 75,330 square feet according to PincusCo analysis of city data. The loan price per built square foot is $284 and the price per buildable square foot is $320 per the PincusCo analysis.
The signatory for Mitchell Enterprises was Mitchell Mekles.
(220152652)The DOB issued a major alteration (A1) initial temporary certificate of occupancy for the building on September 7, 2018.