Thor Equities Acquires Industrial Property In Deer Park, NY For $35.6M Loan
377 Carlls Path Deer Park, NY 11729, USA
$35,629,000
$188/SF
Building Size
189,000 SF
Asset Type
Industrial
Closing
May 25, 2023
AI
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
New York Industrial Market Snapshot
Boundary boundary · Industrial · Loan transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.45%
Cash-on-Cash
-0.13%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93