FINANCEDIndustrial
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
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.
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