Updated Jan 22, 2026
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
About this deal
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