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10 51 Irving Avenue, Queens...

Axos Bank Provides $7.3M Refinance Loan For Industrial Property At 10-51 Irving Avenue
FINANCEDIndustrial

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

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:

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.

Players

John Harrington

HKS Real Estate Advisors

Broker

$104.2M

vol

6 deals

Broker

Ridgewood 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

2.17%

Cash-on-Cash

-0.62%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93