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Patriot Bank Finances $7.5M Refinance On Industrial Property In Red Hook
SOLD
New York
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Patriot Bank Finances $7.5M Refinance On Industrial Property In Red Hook
Red Hook
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NEW YORK
Transaction Type:Sale
The industrial property located at 185 Van Dyke Street in Red Hook, Brooklyn spans 325,624 square feet and boasts a significant size of 111,265 square feet. The property, owned by Lande Alexander Properties Inc, under the management of Lande Alexander & Brian Robbins, recently underwent a refinancing transaction valued at $7,500,000 with Patriot Bank, facilitated by Tommy Tran.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $7,500,000
- Address: 185 Van Dyke Street
- Market: Red Hook, Brooklyn
- Asset Type: Industrial
- BSF: 325,624 SF
Patriot Bank, represented by Tommy Tran, provided the refinancing loan for this industrial property. The landlords of the property, Lande Alexander & Brian Robbins, executed the deal with the assistance of their company, Lande Alexander Properties Inc.
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30 years
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Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$0.00
Debt Service Coverage Ratio (DSCR)
0.00x
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Cash Flow (Annual)$0.00
Cash-on-Cash Return0.00%
Monthly Debt Service$0.00
Annual Debt Service$0.00
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