Progress Capital Arranges $3 Million in Refinancing for Flex Building in Staten Island

Brian Anderson and Eddie Miro of Progress Capital secured $3,000,000 in refinancing for an office/industrial property located at 600 Gulf Avenue in Richmond County, Staten Island, NY.

Valley National Bank provided financing with favorable terms.

The property is partially owner-occupied by New York Fragrance Inc., while the remaining space is occupied by tenants including Peterbilt of New York City, Forest Lamps & Gifts and Exotica Corp.

The 2-story building is 18,600 SF and contains 6 bays/garages and 10 parking spaces on the ground floor, as well as 3,500 SF of office space with two conference rooms built out on the second floor.

The site is positioned in the Bloomfield neighborhood of Staten Island, NY, right off the 440 West Shore Expressway and near the Elizabeth and Linden commuter railroads, as well as Newark International Airport.

Since 1990, Progress Capital has closed over $40 Billion in commercial loans and $150 Million in directly funded bridge loans.  As a commercial real estate advisory firm, we can advise you on any real estate investment you are considering and provide the financing advice you need to manage through the commercial real estate acquisition and/or financing process.  We consistently get our clients to the closing table… plain and simple!