Daniel Hedaya Of DAX Real Estate Secures $11.6M Refinance Loan From Trevian Capital In Brooklyn
38 Franklin Street, 30 Franklin Street & 36 Franklin Street
$11,600,000
$268/SF
Building Size
14,393 SF
Asset Type
Industrial
Closing
Jan 30, 2026
AI
The transaction involves four industrial properties located at 30 Franklin Street, 36 Franklin Street, and 38 Franklin Street in Greenpoint, Brooklyn. The combined square footage of these properties is 14,393 square feet. A refinance loan of $11,600,000 has been secured for these assets.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $11,600,000
- Lender: Trevian Capital
- Landlord: Daniel Hedaya - DAX Real Estate
- Loan Type: Refinance
In this transaction, DAX Real Estate, represented by 30-38 Franklin Owner LLC, worked with Trevian Capital Reit LLC to complete the refinancing process for the identified properties. Daniel Hedaya acts as the landlord through DAX Real Estate.
Players
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
1.37%
Cash-on-Cash
-0.39%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93