First Republic Bank Refinances Industrial Property In Canarsie For $40M With Broadway Stages As Landlord
FINANCED
$40,000,000
New York
See Similar DealsIndustrial177,386 SF
Financed 07/13/2022
FINANCED
First Republic Bank Refinances Industrial Property In Canarsie For $40M With Broadway Stages As Landlord
570 East 108th Street, Brooklyn, New York 11236, United States
See Similar DealsIndustrial177,386 SF
Financed 07/13/2022
Summary
NEW YORK
Asset Type:Industrial
Price Per Square Foot:$225
Total Square Footage:177,386 SF
Transaction Type:Loan
A loan was recently obtained for an industrial property located at 570 East 108th Street in Canarsie. The property has a total area of 177,386 square feet. The loan was secured through First Republic Bank for a total amount of $40,000,000. The loan type for this transaction was a refinance.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $40,000,000
- Address: 570 East 108th Street
- Market: Canarsie
- Landlord: Broadway Stages - Gina Argento
Gina Argento, the representative of Broadway Stages, played a key role in the loan transaction. The involvement of First Republic Bank as the lender is also noteworthy.
Players
Details
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Similar Deals
Contact
Get in touch with the broker you want
Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$40,000,000.00
Monthly NOI$266,666.67
Monthly Debt Service$252,827.21
Change in Cash Flow$0.00
Refinance Proceeds$0.00
Is there something missing? Send suggestions