Updated Sep 11, 2026
Dov Hertz, Aaron Malitzky & DH Property Holdings Secure $88M Refinance Loan - New York City
1900 South Avenue
$88,000,000
$440/SF
Building Size
200,000 SF
Asset Type
Industrial
Closing
May 5, 2023
About this deal
AI
The industrial outdoor storage property located at 1900 South Avenue in New York City has undergone a refinancing transaction. The property spans across 50 acres, providing ample space for storing industrial equipment and materials. The transaction involves a loan amount of $88,000,000 from Apollo Global Management.
Summary of Transaction Details
- Property Type: Industrial Outdoor Storage
- Transaction Amount: $88,000,000
- Address: 1900 South Avenue
- Market: New York City
- Lender: Apollo Global Management
DH Property Holdings, represented by Aaron Malitzky and Dov Hertz, act as the landlords for this property. The deal was facilitated by brokers Jonathan Schwartz, Adam Schwartz, Keith Kurland, Aaron Appel, Mo Beler, and Michael Ianno of Walker & Dunlop. Their expertise and negotiation skills played a significant role in securing the refinancing loan.
Players
Market 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
0.18%
Cash-on-Cash
-0.05%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93