William Shao & Lian Wu Shao Refinance Industrial Property At 419 Vandervoort Avenue In New York City For $12.45M
FINANCED
$12,450,000
New York
See Similar DealsIndustrial43,750 SF
Financed 12/15/2022
FINANCED
William Shao & Lian Wu Shao Refinance Industrial Property At 419 Vandervoort Avenue In New York City For $12.45M
419 Vandervoort Avenue
See Similar DealsIndustrial43,750 SF
Financed 12/15/2022
Summary
NEW YORK
Asset Type:Industrial
Price Per Square Foot:$284
Total Square Footage:43,750 SF
Transaction Type:Loan
Located at 419 Vandervoort Avenue in New York City, this industrial property spans a total of 43,750 square feet. The property was recently involved in a loan transaction.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $12,450,000
- Loan Type: Refinance
- Landlord: William Shao & Lian Wu Shao
- Market: New York City
The landlord of the property is William Shao and Lian Wu Shao. The loan, valued at $12,450,000, was utilized for the purpose of refinancing.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$12,450,000.00
Monthly NOI$83,000.00
Monthly Debt Service$78,692.47
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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