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4300 Northeast 2nd Avenue

Edwin Gelman Of Hirshmark Capital Provides $4.15M Refinance Loan For Retail Asset In Miami
FINANCEDRetail

Edwin Gelman Of Hirshmark Capital Provides $4.15M Refinance Loan For Retail Asset In Miami

4300 Northeast 2nd Avenue

$4,150,000

Building Size

Asset Type

Retail

Closing

Aug 28, 2025

AI

The asset involved in this transaction is a retail property located at 4300 Northeast 2nd Avenue in the Miami market. The loan amount is $4,150,000, and it is categorized as a refinance loan. The transaction reflects financial activity concerning the specified asset type without further detail on its features or specifications.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: $4,150,000
  • Lender: Edwin Gelman - Hirshmark Capital
  • Landlord: Allison Greenfield
  • Landlord's Representative: Emile Schachter - WD Capital Group
  • Loan Type: Refinance
  • Date of Transaction: 08/29/2025

Key individuals involved in this transaction include Edwin Gelman, representing Hirshmark Capital as the lender, and Allison Greenfield, the landlord. Emile Schachter is noted as the representative for the landlord, affiliated with WD Capital Group, playing a critical role in facilitating the loan agreement.

Players

Emile Schachter

WD Capital Group

Broker

$606.4M

vol

24 deals

Broker
Hirshmark Capital
Hirshmark CapitalLender

Miami Shores Retail Market Snapshot

Boundary boundary · Retail · Loan transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

3.82%

Cash-on-Cash

-1.09%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93