Chetrit Group refis with $56M from UBS for Maspeth warehouse

March 30, 2021 7:46 am

Chetrit Group through the entity Maspeth 5718 LLC as borrower signed a loan agreement with lender Ubs Bank Usa valued at $56 million for 4 parcels, including the tax class miscellaneous warehouse (E9) at 57-18 Flushing Avenue, N/A 59th Place, N/A 59th Place, and N/A 59th Place in Maspeth. The deal closed on March 23, 2021 and was recorded on March 29, 2021.
The property contains a total of 588,390 square feet of built space.
The average loan per buildable square foot is $95.

Direct link to Acris document. link

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