facebook
TradedTraded
    Home
    Search
    Closings
    Listings
    On Market
    Off Market
    Add a listing
    Vaults
    shh
    Rankings
    News
    Data
    Socials
    More


Messages

Go Pro
+ Submit+ Submit a Deal
Home

/

Deals

/

New York

/

Industrial

/

Loan

/

980 East 35th Street

Hirshmark Capital Provides $1.5M Bridge Loan For Industrial Property In Flatbush
FINANCEDIndustrial

Hirshmark Capital Provides $1.5M Bridge Loan For Industrial Property In Flatbush

980 East 35th Street & 986 East 35th Street

$1,500,000

$104/SF

Building Size

14,400 SF

Asset Type

Industrial

Closing

May 14, 2024

AI

The industrial property located at 980-986 E 35th Street in Flatbush, Brooklyn spans 7,200 square feet. The loan amount for this transaction was $1,500,000, with a bridge loan secured for the deal. The lender for this transaction was Hirshmark Capital represented by Bert R. Dweck, and the landlord is Mary DiNicola. The property was brokered by Christopher J. Calabrese from The CS Organization.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: $1,500,000
  • Address: 980-986 E 35th Street
  • Market: Flatbush, Brooklyn
  • Lender: Hirshmark Capital - Bert R. Dweck
  • Landlord: Mary DiNicola
  • Broker: Christopher J. Calabrese - The CS Organization

Christopher J. Calabrese from The CS Organization represented the broker in this deal, facilitating the smooth transaction between the lender, Hirshmark Capital, and the landlord, Mary DiNicola. Bert R. Dweck played a crucial role as the representative of Hirshmark Capital, ensuring the successful completion of the bridge loan for this industrial property in Flatbush, Brooklyn.

Players

Christopher J. Calabrese

The CS Organization

Broker

$24.6M

vol

17 deals

Broker
Hirshmark Capital
Hirshmark CapitalLender

Brooklyn Industrial Market Snapshot

Boundary boundary · Industrial · Loan transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

10.58%

Cash-on-Cash

-3.02%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93