ProX Live Performance Gear Secures $28.19 Million Refinance Loan From Bank United & Pursuit
2807 Arthur Kill Road
$28,195,000
Building Size
—
Asset Type
Industrial
Closing
Dec 30, 2025
AI
The asset involved in this transaction is an industrial property located at 2807 Arthur Kill Road in Staten Island. The transaction involves a loan amount of $28,195,000, classified specifically as a refinance. The property is under the ownership of ProX Live Performance Gear.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $28,195,000
- Lender: Bank United & Pursuit
- Landlord: ProX Live Performance Gear
- Broker: Ben Klugmann - Meridian Capital Group
- Loan Type: Refinance
This transaction was facilitated by Ben Klugmann, who represents Meridian Capital Group as the broker. For further inquiries regarding this transaction, he can be contacted via email at [email protected] or by phone at 212-203-3486.
Players
Staten Island 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
0.56%
Cash-on-Cash
-0.16%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93