GCP Capital Group Arranges $6.05M Loan For Industrial Portfolio In Crown Heights, Highbridge, Yonkers, And New Rochelle
2130 Bergen Street, Brooklyn, NY, USA
$6,050,000
$62/SF
Building Size
96,500 SF
Asset Type
Industrial
Closing
Dec 22, 2020
AI
Four industrial properties located at 2130 Bergen Street, 1301 Inwood Avenue, 44 Runyon Avenue, and 11 Cliff Street were part of a recent closed transaction. The properties are situated in Crown Heights, Highbridge, Yonkers, and New Rochelle, respectively. The asset type for these properties is industrial.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $6,050,000
- Square Footage: 96,500
- Lender: Ocean First Bank
- Landlord: Daniel Fried
- Brokers: Mike Hennessy & Alan Perlmutter - GCP Capital Group LLC
The loan for this transaction was provided by Ocean First Bank. The landlord of the properties is Daniel Fried. The brokers involved in this deal were Mike Hennessy and Alan Perlmutter from GCP Capital Group LLC.
Players
New York 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
2.62%
Cash-on-Cash
-0.75%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93