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45-45 39th St, Sunnyside, N...

Hirshmark Capital Provides $1.9M Loan For Industrial Property In Sunnyside, Queens
FINANCEDIndustrial

Hirshmark Capital Provides $1.9M Loan For Industrial Property In Sunnyside, Queens

45-45 39th St, Sunnyside, NY 11104, USA

$1,900,000

$190/SF

Building Size

10,000 SF

Asset Type

Industrial

Closing

Jul 20, 2020

AI

The industrial property located at 45-45 39th Street in Sunnyside, Queens has recently undergone a closed transaction. The property spans across 10,000 square feet and was involved in a loan deal on July 21, 2020. The transaction was facilitated by Hirshmark Capital, who provided a loan amount of $1,900,000.

Summary of transaction details

  • Property Type: Industrial
  • Transaction Amount: $1,900,000
  • Address: 45-45 39th Street, Sunnyside, Queens
  • Market: Sunnyside, Queens
  • Lender: Hirshmark Capital
  • Landlord: Martin Perl & Chaim Zelik
  • Brokers: Jake Soodek, Peter Cohen – Hirshmark Capital
  • Size: 10,000 square feet

The loan deal for the industrial property at 45-45 39th Street was successfully arranged by Jake Soodek and Peter Cohen of Hirshmark Capital, who represented the lender in the transaction. The property is owned by Martin Perl and Chaim Zelik, who acted as the landlords. This closed transaction highlights the active real estate market in Sunnyside, Queens, and the importance of reliable lenders and brokers in facilitating such deals.

Players

Peter Cohen

Broker

$44.6M

vol

9 deals

Broker
Hirshmark Capital
Hirshmark CapitalLender

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

8.35%

Cash-on-Cash

-2.39%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93