Updated Mar 14, 2026
NorthMarq Arranges $7.5 Million Refinance For Dell's Maraschino Cherries Inc. In Brooklyn
81 Ferris Street
$7,500,000
Building Size
—
Asset Type
Industrial
Closing
Mar 12, 2026
About this deal
AI
An industrial property situated at 81-97 Ferris Street in Brooklyn was refinanced for a total of $7,500,000. The transaction reflects a move to enhance the financial structure of the asset under Dell's Maraschino Cherries Inc.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $7,500,000
- Loan Type: Refinance
- Brokers: Collin Lester & Bob Bernard - NorthMarq
- Date: 03/12/2026
Collin Lester and Bob Bernard represented the brokerage firm NorthMarq in facilitating the refinance for Dell's Maraschino Cherries Inc., connecting the company with financing for their industrial operations.
On the Map
$7,500,000
Industrial
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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
2.12%
Cash-on-Cash
-0.60%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93