Updated Apr 20, 2026
Jake Soodek Of Hirshmark Capital Provides $6 Million Refinance Loan For Biordi Family Property
18-14 130th Street, 34-38 41st Street & 34-31 Steinway Street
$6,000,000
Building Size
—
Asset Type
Industrial
Closing
Apr 9, 2026
About this deal
AI
The deal involves properties located at 18-14 130th Street, 34-38 41st Street & 34-31 Steinway Street in the College Point & Astoria market. The assets encompass a mix of Industrial, Multifamily, and Office types. The total loan amount for this refinancing transaction is $6,000,000.
Summary of transaction details:
- Property Type: Industrial, Multifamily & Office
- Transaction Amount: $6,000,000
- Lender: Jake Soodek - Hirshmark Capital
- Landlord: Biordi Family
- Brokers: Adam Brostovski - GCP Capital Group & Anand Melwani - Landair Advisors
Key individuals involved in the transaction include Jake Soodek, representing the lending side, and the Biordi Family as the landlords. The brokerage representation comes from Adam Brostovski of GCP Capital Group and Anand Melwani of Landair Advisors, facilitating the refinancing process.
On the Map
$6,000,000
Industrial
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Players
College Point 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
2.64%
Cash-on-Cash
-0.76%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93