facebook

traded

+ Submit
Home

/

Deals

/

New York

/

Industrial

/

Loan

/

88-65 76 Avenue

Ben Klugmann Of Meridian Capital Group Secures $2 Million Acquisition Loan For Industrial Asset In Ridgewood
FINANCEDIndustrial

Ben Klugmann Of Meridian Capital Group Secures $2 Million Acquisition Loan For Industrial Asset In Ridgewood

88-65 76 Avenue

$2,000,000

$119/SF

Building Size

16,700 SF

Asset Type

Industrial

Closing

Oct 8, 2024

AI

The property asset involved in this transaction is an industrial facility located at 88-65 76 Avenue, Ridgewood. The square footage of the asset is 16,700, and the loan amount related to the acquisition of this property is $2,000,000.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: $2,000,000
  • Address: 88-65 76 Avenue
  • Market: Ridgewood
  • Broker: Ben Klugmann - Meridian Capital Group
  • Loan Type: Acquisition

The key individual representing the transaction is Ben Klugmann, who operates under Meridian Capital Group. His involvement underscores the facilitative role of the brokerage in this property acquisition deal.

Players

Ben Klugmann

Meridian Capital Group

Broker

$30.1M

vol

4 deals

Broker

Glendale Industrial Market Snapshot

Boundary boundary · Industrial · Loan transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

7.93%

Cash-on-Cash

-2.27%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93