BEB Capital Provides $10.75M Acquisition Loan For Industrial Property In Long Island City, Queens
47-50 30th Street
$10,750,000
$204/SF
Building Size
52,500 SF
Asset Type
Industrial
Closing
Dec 29, 2023
AI
The industrial property located at 47-50 30th Street in Long Island City, Queens has been part of a closed transaction. The property spans 52,500 square feet and falls under the industrial asset type. An acquisition loan in the amount of $10,750,000 was secured for this transaction.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $10,750,000
- Address: 47-50 30th Street, Long Island City, Queens
- Market: Long Island City, Queens
- Lender: Sean Silverbrook, Keyvan Ghaytanchi & Lee Brodsky of BEB Capital
- Loan Type: Acquisition
Actively lending to sponsors of value-added industrial properties nationwide, BEB Capital provided the loan for this transaction.
Players
Long Island City 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
1.48%
Cash-on-Cash
-0.42%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93