Updated Jul 22, 2026
Eugene Mendlowitz Secures $11 Million Refinance From Hirshmark Capital For Industrial Property In Brooklyn
370 19th Street
$11,000,000
$273/SF
Building Size
40,300 SF
Asset Type
Industrial
Closing
Jul 9, 2026
About this deal
AI
The asset involved in this transaction is a 40,300-square-foot industrial property located at 370 19th Street in the Greenwood Heights neighborhood of Brooklyn. The loan for this property amounts to $11 million, which serves as a refinance to replace a prior $7.7 million loan obtained from M&T Bank.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $11,000,000
- Address: 370 19th Street
- Market: Greenwood Heights, Brooklyn
- Lender: Hirshmark Capital
- Landlord: Eugene Mendlowitz
- Loan Type: Refinance
Eugene Mendlowitz’s 370 19th Street LLC is the entity that secured the refinancing from Hirshmark Capital for the industrial property in Brooklyn’s Greenwood Heights, signifying a notable transaction in the area.
On the Map
$11,000,000
$273/SF
Industrial
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Boundary boundary · Industrial · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.44%
Cash-on-Cash
-0.41%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93