Updated Oct 9, 2026
Portnoy Family Secures $5.1 Million Acquisition Loan From Hirshmark Capital For Industrial Asset In Brooklyn
1182 Flushing Avenue
$5,100,000
$113/SF
Building Size
45,000 SF
Asset Type
Industrial
Closing
Sep 28, 2026
About this deal
AI
An industrial asset located at 1182 Flushing Avenue in the Brooklyn market encompasses a total square footage of 45,000. The loan involved in this acquisition transaction amounts to $5,100,000.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $5,100,000
- Lender: Jake Soodek - Hirshmark Capital
- Borrower: Portnoy Family
- Loan Type: Acquisition
The transaction involved key individuals where Jake Soodek from Hirshmark Capital served as the lender, playing a crucial role in facilitating the acquisition for the borrower, the Portnoy Family.
On the Map
$5,100,000
$113/SF
Industrial
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Players
Brooklyn Industrial Market Snapshot
Boundary boundary · Industrial · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
3.11%
Cash-on-Cash
-0.89%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93