Klein’s Naturals Refinances Industrial Property In Sunset Park Brooklyn With $6.8M Loan From Ameritas
4702 2nd Avenue
$6,800,000
Building Size
—
Asset Type
Industrial
Closing
May 8, 2025
AI
An industrial property located at 4702 2nd Avenue in the Sunset Park area of Brooklyn has been refinanced. The loan for this property amounts to $6,800,000, provided by Ameritas Mutual Holding Company. This refinancing replaces a prior loan of $2,800,000 from Bank of America.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $6,800,000
- Lender: Ameritas Mutual Holding Company
- Landlord: Klein’s Naturals
- Original Loan Amount: $2,800,000
- Original Lender: Bank of America
- Loan Type: Refinance
- Transaction Date: 05/08/2025
Klein’s Naturals is the landlord involved in the deal, securing the refinancing to enhance its financial position regarding the industrial property. Ameritas Life Insurance Corp. facilitated this transaction as the lender, indicating a commitment to supporting the property management and its future operations.
Players
Brooklyn 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
2.33%
Cash-on-Cash
-0.67%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93