Updated Oct 29, 2024
CDK Lending LLC Provides $22.5M Loan For Industrial Property In Maspeth, Queens
57-48 49th Place, Maspeth, NY 11378
$22,500,000
$394,736/SF
Building Size
57 SF
Asset Type
Industrial
Closing
Nov 15, 2022
About this deal
AI
The industrial property located at 57-48 49th Place in Maspeth, Queens has been involved in a closed transaction. The property has a total square footage of 57,430 with a building square footage (BSF) of 136,000. The asset type is industrial, indicating the property's purpose and function within the market.
Summary of Transaction Details
- Property Type: Industrial
- Transaction Amount: $22,500,000
- Loan Date: 03/09/2023
- Address: 57-48 49th Place
- Market: Maspeth, Queens
- Asset Type: Industrial
- BSF: 136,000
- SF: 57,430
The lender involved in this transaction is CDK Lending LLC. They have provided a loan amount of $22,500,000. The landlord of the property is J&J Farms Creamery, represented by Morris Schlager.
Players
New York Industrial Market Snapshot
Boundary boundary · Industrial · Loan transactions
Loading comparables…
Deal FAQ
Browse New York industrial loans on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.71%
Cash-on-Cash
-0.20%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93