Hirshmark Capital Refinances Industrial Property In Maspeth, Queens For $3.75M
FINANCED
$3,750,000
New York
See Similar DealsIndustrial17,000 SF
Financed 09/23/2022
FINANCED
Hirshmark Capital Refinances Industrial Property In Maspeth, Queens For $3.75M
10 Maurice Avenue
See Similar DealsIndustrial17,000 SF
Financed 09/23/2022
Summary
NEW YORK
Asset Type:Industrial
Price Per Square Foot:$220
Total Square Footage:17,000 SF
Transaction Type:Loan
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
LENDER
Details
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$3,750,000.00
Monthly NOI$25,000.00
Monthly Debt Service$23,702.55
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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