Updated Oct 15, 2026
Jack Li Secures $2,900,000 Loan From Asia Bank For 29 Huron Street Acquisition
Huron Street
$2,900,000
Building Size
—
Asset Type
Commercial
Closing
Sep 29, 2026
About this deal
AI
The property asset involved in this context is located at 29 Huron Street in Brooklyn, classified as a commercial asset. The loan for the acquisition amounts to $2,900,000, facilitated by Asia Bank.
Summary of transaction details:
- Property Type: Commercial
- Transaction Amount: $2,900,000
- Lender: Asia Bank
- Borrower: Jack Li
- Broker: Alexander Nemirovskiy - Ferm Capital
- Loan Type: Acquisition
- Date: 09/29/2026
The key individuals involved in this transaction include Jack Li, who serves as the borrower seeking financial assistance for the property acquisition. The broker representing this deal is Alexander Nemirovskiy from Ferm Capital.
On the Map
$2,900,000
Commercial
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Players
Brooklyn Commercial Market Snapshot
Boundary boundary · Commercial · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.47%
Cash-on-Cash
-1.56%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93