Updated Oct 28, 2024
Valley National Bank Provides $33.8M Loan For Industrial Property In Queens
131-21 14th Avenue, Queens, NY, USA
$33,837,000
$460/SF
Building Size
73,500 SF
Asset Type
Industrial
Closing
Jun 21, 2021
About this deal
AI
The industrial property located at 131-21 14th Avenue in Queens has been involved in a loan transaction. The loan was provided by Valley National Bank in the amount of $33,837,000. The property has a total square footage of 73,500. InSite Property Group serves as the landlord for this asset.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $33,837,000
- Square Footage: 73,500
- Address: 131-21 14th Avenue, Queens
- Market: Queens
- Lender: Valley National Bank
- Landlord: InSite Property Group
The loan transaction involving the industrial property at 131-21 14th Avenue in Queens was facilitated by Valley National Bank. InSite Property Group, as the landlord, played a key role in the deal.
Players
New York Industrial Market Snapshot
Boundary boundary · Industrial · Loan transactions
Loading comparables…
Deal FAQ
Browse New York industrial loans on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.47%
Cash-on-Cash
-0.13%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93