FINANCEDIndustrial
Hirshmark Capital Refinances Industrial Property In Maspeth, Queens For $3.75M
10 Maurice Avenue
$3,750,000
$220/SF
Building Size
17,000 SF
Asset Type
Industrial
Closing
Sep 23, 2022
AI
A refinance loan has been secured for an industrial property in Maspeth, Queens, located at 60-10 Maurice Ave. The property spans approximately 17,000 square feet.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $3,750,000
- Address: 60-10 Maurice Ave., Maspeth, Queens
- Market: Maspeth, Queens
- Lender: Hirshmark Capital
- Landlord: Steven Barshov
- Brokers: Jake Soodek - Hirshmark Capital & Max Goveia - Refined
The loan, provided by Hirshmark Capital, is in the amount of $3,750,000 and is a refinance loan for the property.
Players
New York Industrial Market Snapshot
Boundary boundary · Industrial · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
4.23%
Cash-on-Cash
-1.21%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93