Updated Feb 16, 2024
Hirshmark Capital Refinances Industrial Property In East Williamsburg, Brooklyn For $1.375M
20 Meadow Street, Brooklyn, New York 11206, United States
$1,375,000
$196/SF
Building Size
7,000 SF
Asset Type
Industrial
Closing
Apr 19, 2022
About this deal
AI
The industrial property located at 20 Meadow Street in East Williamsburg, Brooklyn, has undergone a refinancing transaction. The property spans approximately 7,000 square feet and is owned by Ahmad Salameh.
Summary of transaction details:
- Property Type: Industrial
- Loan Amount: $1,375,000
- Loan Type: Refinance
- Lender: Hirshmark Capital
- Landlord: Ahmad Salameh
- Broker: Bert R. Dweck - Hirshmark Capital
Bert R. Dweck, representing Hirshmark Capital, facilitated the refinancing loan for the property located at 20 Meadow Street. This transaction provides Ahmad Salameh with the necessary refinancing for the industrial property in East Williamsburg, Brooklyn.
Players
New York 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
11.54%
Cash-on-Cash
-3.30%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93