Updated Feb 17, 2026
Axos Bank Provides $7.3M Refinance Loan For Industrial Property At 10-51 Irving Avenue
10 51 Irving Avenue, Queens, Ny, 11385
$7,300,000
Building Size
—
Asset Type
Industrial
Closing
Jan 30, 2026
About this deal
AI
The property asset involved in this transaction is located at 10-51 Irving Avenue in Queens, primarily classified as an industrial asset. The loan amount secured for this property is $7,300,000, with a refinance loan type and noted as a note on note refinance.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $7,300,000
- Lender: Axos Bank
- Date of Transaction: 1/30/2026
- Brokers: John Harrington & Max Rubinchik - HKS Real Estate Advisors
In this transaction, John Harrington and Max Rubinchik served as the brokers representing the deal, while Axos Bank acted as the lender for the refinance. Their involvement contributes to the financial structuring necessary for the property's transition within the market.
On the Map
$7,300,000
Industrial
View full map
Players
Ridgewood Industrial Market Snapshot
Boundary boundary · Industrial · Loan transactions
Loading comparables…
Deal FAQ
Browse Ridgewood industrial loans on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.17%
Cash-on-Cash
-0.62%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93