Updated Sep 11, 2026
William Shao & Lian Wu Shao Refinance Industrial Property At 419 Vandervoort Avenue In New York City For $12.45M
419 Vandervoort Avenue
$12,450,000
$284/SF
Building Size
43,750 SF
Asset Type
Industrial
Closing
Dec 15, 2022
About this deal
AI
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.
The industrial loan at 419 Vandervoort Avenue in New York, New York financed for $12.5M in 2022. The building is 43,750 square feet, implying about 284 per square foot on the published price. Named participants on the 419 Vandervoort Avenue loan are William Shao. This page is the New York, New York file for the 419 Vandervoort Avenue industrial financed: pricing, party profiles, and other closed industrial comps from the same New York sit in the Market section below. Filter that New York industrial set by closing date to see what else financed near 419 Vandervoort Avenue around 2022. Published consideration for 419 Vandervoort Avenue is $12.5M, dated 2022. Cite this William Shao & Lian Wu Shao Refinance Industrial Property At 419 Vandervoort Avenue In New York City For $12.45M loan when underwriting similar industrial product around New York, New York.
On the Map
$12,450,000
$284/SF
Industrial
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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
1.27%
Cash-on-Cash
-0.36%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93