facebook
TradedTraded
    Home
    Search
    Closings
    Listings
    On Market
    Off Market
    Add a listing
    Vaults
    shh
    Rankings
    News
    Data
    Socials
    More


Messages

Go Pro
+ Submit+ Submit a Deal
Home

/

Deals

/

New York

/

Industrial

/

Loan

/

20 Meadow Street

Ahmad Salameh's Industrial Property At 20 Meadow Street Secures $1.6M Refinance Loan
FINANCEDIndustrial

Ahmad Salameh's Industrial Property At 20 Meadow Street Secures $1.6M Refinance Loan

20 Meadow Street

$1,600,000

$248/SF

Building Size

6,450 SF

Asset Type

Industrial

Closing

Oct 22, 2024

AI

The property asset involved in this transaction is an industrial asset located at 20 Meadow Street in Brooklyn. The property spans 6,450 square feet and is associated with a loan amount of $1,600,000 for a refinance transaction, specifically structured as a 5 Year Fixed loan with a 30 Year Amortization and includes cash out refinance.

Summary of transation details:

  • Property Type: Industrial
  • Transaction Amount: $1,600,000
  • Address: 20 Meadow Street
  • Market: Brooklyn
  • Lender: Andrew Walsh - HAB BANK
  • Landlord: Ahmad Salameh
  • Broker: Isaac Blyakher - Blyakher Real Estate
  • Loan Type: Refinance
  • Loan Terms: 5 Year Fixed, 30 Year Amortization, Cash out Refinance

Key individuals in this transaction include Andrew Walsh, representing HAB BANK as the lender, and Isaac Blyakher from Blyakher Real Estate, who acted as the broker. Ahmad Salameh is noted as the landlord associated with this financing arrangement.

Players

Isaac Blyakher
Verified Badge

Isaac Blyakher

Blyakher Real Estate

Broker

$68.5M

vol

18 deals

Broker

Brooklyn 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

9.91%

Cash-on-Cash

-2.83%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93