Updated Sep 28, 2026
Argento Family Secures $9.5M Refinance Loan From Provident Bank For 67,800 SF Industrial Property
45-01 20th Avenue
$9,500,000
$140/SF
Building Size
67,800 SF
Asset Type
Parking Lot
Closing
Jul 22, 2026
About this deal
AI
The property asset involved is an industrial building located at 45-01 20th Avenue in Ditmars Steinway, Queens, featuring a total square footage of 67,800. The transaction centers around a refinance loan arrangement amounting to $9,500,000 from Provident Bank.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $9,500,000
- Address: 45-01 20th Avenue
- Market: Ditmars Steinway, Queens
- Lender: Provident Bank
- Landlord: Argento Family
- Loan Type: Refinance
- Loan Date: 07/22/2026
- Recording Date: 09/22/2026
The Argento family is the landlord associated with this property, and they successfully refinanced the associated rental car parking facility through this deal with Provident Bank.
On the Map
$9,500,000
$140/SF
Parking Lot
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.67%
Cash-on-Cash
-0.48%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93