DIB Management Secures $9 Million Refinance Loan From OceanFirst Bank For 201 42nd Street

DIB Management refinanced its industrial building located at 201 42nd Street in Sunset Park, Brooklyn. The property encompasses a total square footage of 104,182 and was refinanced for a loan amount of $9 million through OceanFirst Bank. The closing date of the deal was April 21, 2026, with the recording taking place on May 6, 2026.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $9,000,000
• Address: 201 42nd Street
• Market: Sunset Park, Brooklyn
• Lender: OceanFirst Bank
• Landlord: Roland Dib - DIB Management
• Loan Type: Refinance
• Previous Lender: Northeast Bank

The refinancing transaction was facilitated by Roland Dib, representing DIB Management as the landlord of the property. OceanFirst Bank provided the loan to support the refinancing effort, replacing the prior debt originally held with Northeast Bank.