Updated Feb 16, 2024
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
About this deal
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
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