Updated Mar 11, 2025
360 Capital Funding Provides $8.45M Loan For Industrial Property In Laurelton
221-26 Merrick Boulevard, Laurelton, NY, USA
$8,450,000
$635/SF
Building Size
13,300 SF
Asset Type
Industrial
Closing
Jun 29, 2021
About this deal
AI
The industrial property located at 221-26 Merrick Boulevard, 134-11 221st Street, and 221-18 Merrick Boulevard in Laurelton has been involved in a recent loan transaction. The loan was provided by 360 Capital Funding, with a loan amount of $8,450,000. The property spans a total of 13,300 square feet.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $8,450,000
- Address: 221-26 Merrick Boulevard, 134-11 221st Street, 221-18 Merrick Boulevard
- Market: Laurelton
- Lender: 360 Capital Funding
- Landlord: Myron Berman
- Square Footage: 13,300
The loan transaction was facilitated by 360 Capital Funding, and the landlord involved in the deal is Myron Berman.
Players
Laurelton 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
1.88%
Cash-on-Cash
-0.54%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93