Sivan Equities Refinances Industrial Asset At 111-113 Glen Street, Glen Cove. Loan Provided By Ridgewood Savings Bank

Sivan Equities successfully secured a $2,100,000 refinance loan for the industrial property located at 111-113 Glen Street in Glen Cove. The loan was provided by Ridgewood Savings Bank. Despite market volatility, Sivan Equities restored the property after a debilitating fire in 2019 and successfully repositioned it.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $2,100,000
• Address: 111-113 Glen Street
• Market: Glen Cove

The landlord of the property is Sivan Equities, represented by Yarden Sivan and Eden Sivan. They are actively seeking land for ground-up development, as well as multi-family, commercial, and light industrial assets with value-add potential in the boroughs and throughout Long Island. Their broker, Max Ralby from HKS Real Estate Advisors, facilitated the deal with Ridgewood Savings Bank. For potential opportunities or inquiries, contact Sivan Equities at [email protected].