Updated Sep 25, 2026
Steven Landman Secures $6.5M Refinance Loan For Industrial Asset On 310 Meserole Street In Brooklyn
310 Meserole Street
$6,500,000
$502/SF
Building Size
12,925 SF
Asset Type
Industrial
Closing
Sep 17, 2026
About this deal
AI
The property asset involved in the transaction is located at 310 Meserole Street in Brooklyn and has an industrial type designation. The asset spans 12,925 square feet and is associated with a refinance loan amount of $6,500,000 with fixed terms of 5.75%, a 36-month term, and a 25-year amortization schedule, featuring a 3/2/1 prepayment option.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $6,500,000
- Loan Type: Refinance
- Loan Terms: 5.75% fixed, 36-month term, 25-year amortization, 3/2/1 prepay
- Borrower: Steven Landman
- Brokers: Moshe Cohen, Bryan Geffen & Joshua Lerer - Meridian Capital Group
The transaction was facilitated by brokers Moshe Cohen, Bryan Geffen, and Joshua Lerer of Meridian Capital Group, representing the borrower, Steven Landman. The details of their role confirm the expertise involved in overseeing the refinance loan process for the industrial property located in a significant market.
On the Map
$6,500,000
$502/SF
Industrial
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Players
Brooklyn 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
2.44%
Cash-on-Cash
-0.70%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93