Updated Oct 16, 2025
Acumen Capital Partners Secures $125 Million Refinance Loan For Industrial Complex In Brooklyn
630 Flushing Avenue
$125,000,000
Building Size
—
Asset Type
Industrial
Closing
Oct 14, 2025
About this deal
AI
The asset involved in this transaction is the industrial complex located at 630 Flushing Avenue in Brooklyn. This facility was previously the Pfizer headquarters, highlighting its significance in the market.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $125,000,000
- Lender: Värde Partners
- Landlord: Ashish Dua - Acumen Capital Partners
- Loan Type: Refinance
- Brokers: Jason Gaccione & Jake Salkovitz - CBRE
- Loan Term: Three years, floating-rate
This transaction was facilitated by Acumen Capital Partners, which secured the financing to refinance the property. In this deal, Jason Gaccione and Jake Salkovitz represented the brokers from CBRE, showcasing their involvement in the transaction process.
On the Map
$125,000,000
Industrial
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Players
Flushing 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
0.13%
Cash-on-Cash
-0.04%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93