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Thor Equities Acquires Industrial Property In Deer Park, NY For $35.6M Loan

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FINANCED
$35,629,000
Anthony D’Amelio
+ 1

New York

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Industrial189,000 SF
Financed 05/25/2023
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FINANCED

Thor Equities Acquires Industrial Property In Deer Park, NY For $35.6M Loan

377 Carlls Path Deer Park, NY 11729, USA

See Similar Deals
Industrial189,000 SF
Financed 05/25/2023
Anthony D’Amelio
+ 1
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Summary

NEW YORK
Asset Type:Industrial
Price Per Square Foot:$188
Total Square Footage:189,000 SF
Transaction Type:Loan

A property located at 377 Carlls Path in Deer Park has been involved in a closed transaction. The industrial asset spans approximately 189,000 square feet with a buildable square footage of 306,000. The transaction took place on 05/25/2023.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: $35,629,000
  • Address: 377 Carlls Path, Deer Park
  • Market: Deer Park
  • Lender: Thorofare Capital - David Perlman, Eddie Prosser & Henry Johnson
  • Landlord: Thor Equities - Joe Sitt & Alec Ludwig
  • Brokers: Chris Herron & Anthony D'amelio - Iron Hound Management Company

The lenders involved in this acquisition loan are David Perlman, Eddie Prosser, and Henry Johnson from Thorofare Capital. They provided a loan amount of $35,629,000. On the landlord side, Joe Sitt and Alec Ludwig from Thor Equities were involved in the transaction. Serving as brokers for the deal were Chris Herron and Anthony D'amelio from Iron Hound Management Company.

Players

Christopher (Chris) Herron
7 deals$545.8M volume(646) 795-5405
BROKER

Anthony D’Amelio
Iron Hound Management Company
12 deals$1.6B volume
BROKER


Joseph Sitt
Thor Equities
37 deals$1.1B volume
LANDLORD

Details

FINANCED
IMAGE: Chris Herron, Anthony D'amelio, Joe Sitt, Alec Ludwig, David Perlman, Eddie Prosser & Henry Johnson DATE: 05/25/2023 ADDRESS: 377 Carlls Path MARKET: Deer Park ASSET TYPE: Industrial ~ SF: 189,000 ~ BSF: 306,000 LENDER: Thorofare Capital - David Perlman, Eddie Prosser & Henry Johnson LANDLORD: Thor Equities - Joe Sitt & Alec Ludwig BROKERS: Chris Herron & Anthony D'amelio - Iron Hound Management Company LOAN AMOUNT: $35,629,000 LOAN TYPE: Acquisition

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$35,629,000.00

Monthly NOI$237,526.67
Monthly Debt Service$225,199.52
Change in Cash Flow$0.00
Refinance Proceeds$0.00