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Chetrit Group Secures $56M Loan For Industrial Property On Flushing Ave

57-18 Flushing Avenue
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This Industrial property located in NY received a loan of $56,000,000 about 3 years ago.

Joseph Chetrit and Ralph Hamers have secured a loan for an industrial property located at 57-18 Flushing Ave in Maspeth. The property spans a total area of 588,390 square feet. The loan was provided by UBS Bank USA for an amount of $56,000,000. The landlord of the property is the Chetrit Group.

Summary of transaction details

  • Property Type: Industrial
  • Transaction Amount: $56,000,000
  • Address: 57-18 Flushing Ave
  • Market: Maspeth
  • Landlord: Chetrit Group

This loan transaction illustrates the active involvement of Joseph Chetrit and Ralph Hamers in the industrial property market. The loan was secured from UBS Bank USA, highlighting their financial acumen and strategic decision-making. The Chetrit Group, led by Joseph Chetrit, serves as the landlord of the property, further demonstrating their strong presence in the real estate industry.

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  • Location
    57-18 Flushing Ave, Maspeth, NY, USA57-18 Flushing Ave, Maspeth, NY, USA
  • Loan Value
    $56,000,000$56,000,000
  • Asset Type
    IndustrialIndustrial

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Deal Summary

LOAN IMAGE: Joseph Chetrit & Ralph Hamers DATE: 03/23/2021 ADDRESS: 57-18 Flushing Ave. MARKET: Maspeth ASSET TYPE: Industrial ~ SF: 588,390 LENDER: @UBS Bank USA LANDLORD: Chetrit Group LOAN AMOUNT: $56,000,000

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