Evan Petracca & Brett Goldman Refinance Industrial Development Site In College Point, Queens With $50M Loan From Centennial Bank
30-02 Whitestone Expressway
$50,000,000
$117/SF
Building Size
425,000 SF
Asset Type
Development Site
Closing
Dec 18, 2023
AI
An industrial development site located at 30-02 Whitestone Expressway in College Point, Queens has recently undergone a refinancing transaction. The property spans a total of 425,000 square feet and is owned by Evan Petracca and Brett Goldman of Triangle Equities. The site is situated in the bustling market of College Point, Queens.
Summary of transaction details
- Property Type: Industrial Development Site
- Loan Amount: $50,000,000
- Loan Type: Refinance
- Lender: Centennial Bank
This financing deal was facilitated by the brokers Geoff Goldstein, Rob Hinckley, and Tyler Peck, who represented the owners Evan Petracca and Brett Goldman of Triangle Equities. JLL played a pivotal role in successfully securing the refinancing loan for this industrial development site in College Point, Queens.
Players
White Stone Development Site Market Snapshot
Boundary boundary · Development Site · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.32%
Cash-on-Cash
-0.09%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93