FINANCEDIndustrial
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
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.
Players
Fresh Meadows Industrial Market Snapshot
Boundary boundary · Industrial · Loan transactions
Loading comparables…
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