Updated Oct 9, 2026
Jake Soodek Of Hirshmark Capital Provides $4.75M Refinance Loan For Dimaio Family's Property
127 12th Street
$4,750,000
Building Size
—
Asset Type
Industrial
Closing
Dec 18, 2025
About this deal
AI
The asset involved in this transaction is an industrial property located at 127 12th Street, Brooklyn. The total loan amount secured for this property is $4,750,000, classified as a refinance loan. Additionally, this loan is collateralized by another industrial building at 38 Lancaster Road, Beacon Falls, CT, comprising 35,000 square feet.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $4,750,000
- Lender: Jake Soodek - Hirshmark Capital
- Landlord: Dimaio Family
- Landlord's Representative: James Murad & Adam Hakim - Ripco
This transaction involves notable individuals such as Jake Soodek, who represents Hirshmark Capital as the lender. The landlord, Dimaio Family, is represented by James Murad and Adam Hakim from Ripco, facilitating the refinancing process for the property at 127 12th Street.
On the Map
$4,750,000
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
3.34%
Cash-on-Cash
-0.95%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93