Clutter Secures $37.8M Refinance Loan For Long Island City Storage Facility
30-36 Northern Boulevard, Long Island City, NY 11101, USA
$37,818,995
$284/SF
Building Size
133,152 SF
Asset Type
—
Closing
Sep 9, 2021
About this deal
AI
30-36 Northern Boulevard in Long Island City has been refinanced with a loan amount of $37,818,995. The property is a storage facility with a total area of 133,152 square feet. The loan was provided by Michael Forman from FS Investments, while Ari Mir lutter is the landlord.
Summary of transaction details
- Property Type: Storage
- Transaction Amount: $37,818,995
- Address: 30-36 Northern Boulevard
- Market: Long Island City
- Loan Type: Refinance
- Lender: Michael Forman - FS Investments
- Landlord: Ari Mir lutter
In addition to its storage services, including picking up and dropping off customer's belongings, Clutter recently received a $200 million funding round led by Softbank in 2019.
Players
Long Island City CRE Market Snapshot
Boundary boundary · CRE · Loan transactions
Loading comparables…
Deal FAQ
Browse New York loans on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.42%
Cash-on-Cash
-0.12%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93