Updated Dec 4, 2024
BEB Capital Acquires 87,000 SF Industrial Property In Kearny For $5M Loan
244 Dukes Street
$5,000,000
$57/SF
Building Size
87,000 SF
Asset Type
Industrial
Closing
Feb 17, 2023
About this deal
AI
An acquisition loan in the amount of $5,000,000 has been secured for the industrial property located at 244 Dukes Street in Kearny. The property spans a total of 87,000 square feet.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $5,000,000
- Address: 244 Dukes Street
- Market: Kearny
- Lender: BEB Capital- Sean Silverbrook, Keyvan Ghaytanchi & Lee J. Brodsky
- Loan Type: Acquisition Loan
BEB Capital, represented by Sean Silverbrook, Keyvan Ghaytanchi, and Lee J. Brodsky, provided the loan for the acquisition of the industrial property at 244 Dukes Street in Kearny.
On the Map
$5,000,000
$57/SF
Industrial
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Players
Market Industrial Market Snapshot
Boundary boundary · Industrial · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
3.17%
Cash-on-Cash
-0.91%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93