Industrial & Commercial Bank Of China Provides $29.7M Construction Loan For Woodside Industrial Property
40-22 61st St, Queens, New York 11377, United States
$29,700,000
$471/SF
Building Size
63,045 SF
Asset Type
Industrial
Closing
Apr 18, 2022
AI
The industrial property located at 40-20 61st Street in Woodside has undergone a recent closed transaction. This property spans approximately 63,045 square feet and falls under the category of industrial real estate.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $29,700,000
- Address: 40-20 61st Street, Woodside
- Market: Woodside
The loan for this transaction was provided by Industrial & Commercial Bank Of China. The loan, amounting to $29,700,000, falls under the category of construction loans. The landlord in this deal is Ampiera Group, representing the property owner.
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
0.53%
Cash-on-Cash
-0.15%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93