O'Connor Capital Partners & CBRE Investment Management - Mary Lang Secures $34.56M Loan For Sunset Park Industrial Property
FINANCED
$34,560,000
New York
See Similar DealsIndustrial187,465 SF
Financed 09/12/2022
FINANCED
O'Connor Capital Partners & CBRE Investment Management - Mary Lang Secures $34.56M Loan For Sunset Park Industrial Property
5110 2nd Avenue, Brooklyn, New York 11220, United States
See Similar DealsIndustrial187,465 SF
Financed 09/12/2022
Summary
NEW YORK
Asset Type:Industrial
Price Per Square Foot:$184
Total Square Footage:187,465 SF
Transaction Type:Loan
The industrial property located at 5110-5112 2nd Avenue in Sunset Park, Brooklyn has been involved in a recent transaction. The property spans across an impressive 187,465 square feet. The transaction took place on September 12, 2022.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $34,560,000
- Address: 5110-5112 2nd Avenue, Sunset Park, Brooklyn
- Market: Sunset Park, Brooklyn
The lender for this transaction was JPMorgan Chase. The landlords involved in this deal are O’Connor Capital Partners and CBRE Investment Management, represented by Mary Lang. Mary Lang acted as the representative for the landlords throughout the transaction.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$34,560,000.00
Monthly NOI$230,400.00
Monthly Debt Service$218,442.71
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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