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2021 Cabot Boulevard

Ilan Goldstein Secures $3.5 Million Loan From OceanFirst Bank For Industrial Asset In Langhorne
FINANCEDIndustrial

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

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.

Players

Michael Weiser

GFI Realty Services

Broker

$515.2M

vol

34 deals

Broker
OB
OceanFirst BankLender

Ilan Goldstein

Landlord

$29.7M

vol

4 deals

Landlord

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