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127 12th Street

Jake Soodek Of Hirshmark Capital Provides $4.75M Refinance Loan For Dimaio Family's Property
FINANCEDIndustrial

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

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.

Players

James Murad

Ripco

Broker

$3B

vol

63 deals

Broker
Hirshmark Capital
Hirshmark CapitalLender

Brooklyn Industrial Market Snapshot

Boundary boundary · Industrial · Loan transactions

Loading comparables…

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