Staten Island Industrial Property Secures Loan
Staten Island, New York
$88,000,000
$440/SF
Building Size
200,000 SF
Asset Type
Retail
Closing
May 8, 2023
About this deal
AI
A loan transaction has been completed for an industrial property located in Staten Island. The specific details of the property, such as its characteristics, price, square footage, and market value, have not been provided.
Summary of transaction details
- Property Type: Industrial
No further information regarding the lenders, landlords, or brokers involved in the transaction has been provided.
The retail loan at Staten Island, New York in New York, New York financed for $88M in 2023. The building is 200,000 square feet, implying about 440 per square foot on the published price. Michael Ianno, Keith Kurland, Adam Schwartz, Aaron Appel appear on the loan alongside Walker & Dunlop. This page is the New York, New York file for the Staten Island, New York retail financed: pricing, party profiles, and other closed retail comps from the same New York sit in the Market section below. Filter that New York retail set by closing date to see what else financed near Staten Island, New York around 2023. Published consideration for Staten Island, New York is $88M, dated 2023. Cite this Staten Island Industrial Property Secures Loan loan when underwriting similar retail product around New York, New York.
Players
New York Retail Market Snapshot
Boundary boundary · Retail · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.18%
Cash-on-Cash
-0.05%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93