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Owner of large Bronx building gets $52M refi

Owner of large Bronx building gets $52M refi

JJ Operating has refinanced their large four-story retail building on Grand Concourse with $52.5 million from Bank of America. The money includes a new loan of $6 million and consolidates the remainder of a $50 million 2011 loan from Capital One for JJ’s building at 2501 Grand Concourse, according to property records. JJ Operating bought the property in 2001 from Vornado Realty Trust. It spans 264,720 square feet and is also known as Two Fordham […]


Source: realdeal

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