DIB Management Secures $9 Million Refinance Loan From OceanFirst Bank For 201 42nd Street
201 42nd Street
$9,000,000
$86/SF
Building Size
104,182 SF
Asset Type
—
Closing
Apr 21, 2026
About this deal
AI
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.
On the Map
$9,000,000
$86/SF
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.76%
Cash-on-Cash
-0.50%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93