Updated Sep 10, 2025
Citigroup Provides $88M Loan For Industrial Property In East Fishkill
2070 New York 52, Hopewell Junction, East Fishkill, NY, USA
$88,000,000
$442/SF
Building Size
198,713 SF
Asset Type
Industrial
Closing
Apr 29, 2021
About this deal
AI
The industrial property located at 2070 Route 52 in East Fishkill has been involved in a recent loan transaction. The loan, provided by Citigroup, amounted to $88,000,000. The property, with its exact square footage and market value not disclosed, serves as an asset in this transaction.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $88,000,000
- Lender: Citigroup
- Brokers: Michael Zaremski & Michael Shmuely representing Berkadia
Representing Berkadia in this deal, Michael Zaremski and Michael Shmuely acted as the brokers facilitating the loan transaction. They played a crucial role in connecting the borrower with Citigroup, resulting in the successful loan agreement.
Players
Hopewell Junction 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