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1667 Sheepshead Bay Road

Updated Oct 9, 2026

Jake Soodek And Igor Vaysberg Of Hirshmark Capital Provide $6.9M Bridge Loan For Development Site In Brooklyn
FINANCEDDevelopment Site

Jake Soodek And Igor Vaysberg Of Hirshmark Capital Provide $6.9M Bridge Loan For Development Site In Brooklyn

1667 Sheepshead Bay Road & 2510 Coney Island Avenue

$6,900,000

Building Size

—

Asset Type

Development Site

Closing

Aug 28, 2025

About this deal

AI

The asset involved in the transaction is a development site located at 1667 Sheepshead Bay Road and 2510 Coney Island Avenue in Brooklyn. The loan amount secured for this property is $6,900,000 under a bridge loan type.

Summary of transaction details:

The key individuals and companies involved in this deal include lenders Jake Soodek and Igor Vaysberg, representing Hirshmark Capital, and landlord Yelena Vaynshteyn, with Michael Fey and Alex Leykind serving as the landlord's representatives from Equitas Capital Group.

On the Map

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$6,900,000

Development Site

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Players

Alex Leykind

Equitas Capital Group

Broker

$478M

vol

75 deals

Broker

Jake Soodek

Hirshmark Capital

Lender

$173.4M

vol

28 deals

Lender

Yelena Vaynshteyn

Landlord

$56.4M

vol

5 deals

Landlord
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Brooklyn Development Site Market Snapshot

Boundary boundary · Development Site · Loan transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

2.30%

Cash-on-Cash

-0.66%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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