Updated Oct 21, 2025
Ilan Goldstein Secures $3.5 Million Loan From OceanFirst Bank For Industrial Asset In Langhorne
2021 Cabot Boulevard
$3,500,000
$85/SF
Building Size
40,817 SF
Asset Type
Industrial
Closing
Sep 24, 2025
About this deal
AI
The property asset involved in this transaction is located at 2021 Cabot Boulevard in Langhorne, PA. It is categorized as an industrial asset with a total square footage of 40,817. The transaction includes a loan amount of $3,500,000, which is designated for cash out and improvement purposes.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $3,500,000
- Lender: OceanFirst Bank
- Landlord: Ilan Goldstein
- Broker: Daniel Lerer - GFI Realty Services
This real estate transaction involves key individuals such as Ilan Goldstein, who is serving as the landlord, and Daniel Lerer from GFI Realty Services, representing the landlord. OceanFirst Bank facilitated the loan for the transaction, enabling funds for cash out and improvements associated with the property.
On the Map
$3,500,000
$85/SF
Industrial
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Players
Langhorne 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
4.53%
Cash-on-Cash
-1.30%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93