Updated Oct 19, 2026
Salvatore DiLorenzo Secures $5 Million Refinance Loan For Industrial Property In Long Island City
42-20 12th Street
$5,000,000
$512/SF
Building Size
9,764 SF
Asset Type
Industrial
Closing
Apr 20, 2026
About this deal
AI
The asset involved in this transaction is an industrial property located at 42-20 12th Street in Long Island City, Queens. The property encompasses a building size of 9,764 square feet and a building square footage (BSF) of 16,850. The refinancing loan secured for this property amounts to $5,000,000.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $5,000,000
- Loan Type: Refinance
- Lender: Liberty Mutual Investments
- Landlord: Salvatore DiLorenzo
Salvatore DiLorenzo, acting through Jas 12th Street Holding LLC, arranged the refinancing loan with Liberty Mutual Insurance Company specifically for the industrial property located at the aforementioned address in Long Island City.
On the Map
$5,000,000
$512/SF
Industrial
View full map
Players
Market Industrial Market Snapshot
Boundary boundary · Industrial · Loan transactions
Loading comparables…
Deal FAQ
Visit Salvatore DiLorenzo to view all their deals.
Browse New York industrial loans on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
3.17%
Cash-on-Cash
-0.91%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93