Updated Oct 9, 2026
Jake Soodek And Igor Vaysberg Of Hirshmark Capital Provide $2.28M Loan For Development Site In Rego Park
55 17 98th Street
$2,280,000
$81/SF
Building Size
28,000 SF
Asset Type
Development Site
Closing
May 14, 2025
About this deal
AI
This property asset is a development site located at 55-17 98th Street in Rego Park, featuring a building square footage of 28,000. The loan amount for this acquisition is $2,280,000.
Summary of transaction details:
- Property Type: Development Site
- Transaction Amount: $2,280,000
- Lender: Jake Soodek & Igor Vaysberg - Hirshmark Capital
- Landlord: Yelena Vaynshteyn
- Landlord's Representative: Alex Leykind & Michael Fey - Equitas Capital Group
Key individuals involved in this transaction include lenders Jake Soodek and Igor Vaysberg, who are affiliated with Hirshmark Capital. The landlord, Yelena Vaynshteyn, is represented by Alex Leykind and Michael Fey from Equitas Capital Group, indicating a structured representation in the deal.
On the Map
$2,280,000
$81/SF
Development Site
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Players
Corona 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
6.96%
Cash-on-Cash
-1.99%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93