ACORE Provides $69.12M Bridge Loan For Ideal Building In Jamaica, Queens
FINANCED
$69,125,000
New York
See Similar DealsIndustrial
Financed
FINANCED
ACORE Provides $69.12M Bridge Loan For Ideal Building In Jamaica, Queens
184-10 Jamaica Avenue
See Similar DealsIndustrial
Financed
Summary
NEW YORK
Asset Type:Industrial
Transaction Type:Loan
The Ideal Building located at 184-10/60 Jamaica Avenue in Jamaica, Queens, was the subject of a recent transaction involving a bridge loan.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $69,125,000
- Lender: ACORE - Eric Ramirez, Corey Goodstein & Robert Hill
- Landlord: The KABR Group - Adam Altman, Michael Goldstein & Kenneth Pasternak
- Brokers: Gideon Gil & Dale Braverman - Cushman & Wakefield
The financing was provided by ACORE, with representatives Eric Ramirez, Corey Goodstein, and Robert Hill involved in the loan transaction. On the other side, The KABR Group, represented by Adam Altman, Michael Goldstein, and Kenneth Pasternak, acted as the landlord in this deal.
Players
Details
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Similar Deals
Contact
Get in touch with the broker you want
Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$69,125,000.00
Monthly NOI$460,833.33
Monthly Debt Service$436,917.02
Change in Cash Flow$0.00
Refinance Proceeds$0.00
Is there something missing? Send suggestions