Industrial & Commercial Bank Of China Provides $29.7M Construction Loan For Woodside Industrial Property
FINANCED
$29,700,000
New York
See Similar DealsIndustrial63,045 SF
Financed 04/19/2022
FINANCED
Industrial & Commercial Bank Of China Provides $29.7M Construction Loan For Woodside Industrial Property
40-22 61st St, Queens, New York 11377, United States
See Similar DealsIndustrial63,045 SF
Financed 04/19/2022
Summary
NEW YORK
Asset Type:Industrial
Price Per Square Foot:$471
Total Square Footage:63,045 SF
Transaction Type:Loan
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.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$29,700,000.00
Monthly NOI$198,000.00
Monthly Debt Service$187,724.20
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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