$13.5M Loan Secured By Flushing Bank For Industrial Property In Hicksville, Long Island

An industrial property located at 108-122 New South Road in Hicksville, Long Island has recently been involved in a closed transaction. The property, spanning a total of 122,644 square feet, has been acquired by an undisclosed buyer. The transaction was facilitated by brokers Cory Horowitz and Jeffrey Horowitz. Flushing Bank provided a loan amount of $13,500,000 for this deal, while the landlord of the property is 108-122 New South Road Realty Corp., represented by Gary Calmenson.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $13,500,000
• Square Footage: 122,644
• Address: 108-122 New South Road, Hicksville, Long Island
• Market: Hicksville, Long Island
• Lender: Flushing Bank
• Landlord: 108-122 New South Road Realty Corp. – Gary Calmenson
• Brokers: Cory Horowitz, Jeffrey Horowitz

This transaction highlights the active involvement of brokers Cory Horowitz and Jeffrey Horowitz, who played a crucial role in facilitating the deal between the undisclosed buyer and the landlord, 108-122 New South Road Realty Corp., represented by Gary Calmenson. The loan amount of $13,500,000 provided by Flushing Bank further catalyzed the acquisition of this industrial property, which spans a total area of 122,644 square feet.