Updated Feb 16, 2024
CUR Capital Provides $1.25M Loan For Industrial Property On Liberty Avenue In Mineola, Long Island
110 Liberty Avenue, Mineola, NY, USA
$1,250,000
$138/SF
Building Size
9,000 SF
Asset Type
Industrial
Closing
Dec 15, 2020
About this deal
AI
The industrial property located at 110 Liberty Avenue in Mineola, Long Island was involved in a closed transaction. The property is owned by Richard Neuhouse and is part of the industrial market.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $1,250,000
- Address: 110 Liberty Avenue
- Market: Mineola, Long Island
The lender in this transaction was CUR Capital, which is an affiliate of City Urban Realty. Richard Neuhouse, the owner of the property, acted as the landlord.
The industrial loan at 110 Liberty Avenue, Mineola, NY, USA in Mineola, New York financed for $1.3M in 2020. The building is 9,000 square feet, implying about 138 per square foot on the published price. This page is the Mineola, New York file for the 110 Liberty Avenue, Mineola, NY, USA industrial financed: pricing, party profiles, and other closed industrial comps from the same Mineola sit in the Market section below. Filter that Mineola industrial set by closing date to see what else financed near 110 Liberty Avenue, Mineola, NY, USA around 2020. Published consideration for 110 Liberty Avenue, Mineola, NY, USA is $1.3M, dated 2020. Cite this CUR Capital Provides $1.25M Loan For Industrial Property On Liberty Avenue In Mineola, Long Island loan when underwriting similar industrial product around Mineola, New York.
Players
Mineola 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
12.69%
Cash-on-Cash
-3.63%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93