Updated Nov 5, 2026
Moishe Grunhut Secures $14.7 Million Refinancing Loan For Industrial Building In Brooklyn
88 Scholes Street
$14,700,000
$735/SF
Building Size
20,000 SF
Asset Type
Industrial
Closing
Sep 25, 2026
About this deal
AI
The property involved in this transaction is an industrial asset located at 88 Scholes Street, Williamsburg, Brooklyn. It encompasses a total area of 20,000 square feet and is part of the industrial real estate market. The refinancing loan secured for this property amounts to $14,700,000.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $14,700,000
- Address: 88 Scholes Street
- Market: Williamsburg, Brooklyn
- Lender: Dime Commercial Bank
- Landlord: Moishe Grunhut
- Loan Type: Refinance
Moishe Grunhut, operating through 286 Scholes St. Corp, is the landlord associated with this transaction. The refinancing loan provided by Dime Commercial Bank supports the financial operations concerning the industrial property located at 88 Scholes Street.
On the Map
$14,700,000
$735/SF
Industrial
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Players
Scholls 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
1.08%
Cash-on-Cash
-0.31%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93