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300 Butler Street

Jake Soodek Of Hirshmark Capital Provides $6.75M Refinance Loan For Chan Family's Industrial Asset
FINANCEDIndustrial

Jake Soodek Of Hirshmark Capital Provides $6.75M Refinance Loan For Chan Family's Industrial Asset

300 Butler Street

$6,750,000

$150/SF

Building Size

45,000 SF

Asset Type

Industrial

Closing

May 14, 2026

AI

The property involved in this transaction is an industrial asset located at 300, 310 & 316 Butler Street in Brooklyn, featuring a total square footage of 45,000. The transaction relates to a loan amount of $6,750,000 for a refinance.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: $6,750,000
  • Lender: Jake Soodek - Hirshmark Capital
  • Landlord: Chan Family
  • Loan Type: Refinance

This deal involves Jake Soodek representing Hirshmark Capital as the lender for the Chan Family, who is the landlord of the property. The refinance loan plays a crucial role in the financial strategy of the landlords concerning the industrial asset.

Players

Jake Soodek

Hirshmark Capital

Lender

$208.8M

vol

35 deals

Lender

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

2.35%

Cash-on-Cash

-0.67%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93