Updated Dec 4, 2024
BEB Capital Provides $2.6M Loan For Industrial Property In Flushing
162-20 77th Rd, Flushing, NY, USA
$2,600,000
$325/SF
Building Size
8,000 SF
Asset Type
Industrial
Closing
Jan 27, 2021
About this deal
AI
The industrial property located at 162-20 77th Rd in Flushing has been involved in a recent loan transaction.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $2,600,000
The loan was provided by @BEBCapital, with Lee Brodsky, Keyvan Ghaytanchi, and Sean Silverbrook representing the lender.
The industrial loan at 162-20 77th Rd, Flushing, NY, USA in Fresh Meadows, New York financed for $2.6M in 2021. The building is 8,000 square feet, implying about 325 per square foot on the published price. Named participants on the 162-20 77th Rd, Flushing, NY, USA loan are Keyvan Ghaytanchi, Lee Brodsky, Sean Silverbrook. This page is the Fresh Meadows, New York file for the 162-20 77th Rd, Flushing, NY, USA industrial financed: pricing, party profiles, and other closed industrial comps from the same Fresh Meadows sit in the Market section below. Filter that Fresh Meadows industrial set by closing date to see what else financed near 162-20 77th Rd, Flushing, NY, USA around 2021. Published consideration for 162-20 77th Rd, Flushing, NY, USA is $2.6M, dated 2021. Cite this BEB Capital Provides $2.6M Loan For Industrial Property In Flushing loan when underwriting similar industrial product around Fresh Meadows, New York.
Players
Fresh Meadows 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
6.10%
Cash-on-Cash
-1.74%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93