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

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FINANCED
$1,500,000

New York

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Industrial14,400 SF
Financed 05/14/2024
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Property Image
FINANCED

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

980 East 35th Street & 986 East 35th Street

See Similar Deals
Industrial14,400 SF
Financed 05/14/2024
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Summary

NEW YORK
Asset Type:Industrial
Price Per Square Foot:$104
Total Square Footage:14,400 SF
Transaction Type:Loan

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
17 deals$24.6M volume(718) 612-4699
BROKER

Bert R. Dweck
Hirshmark Capital
23 deals$105.8M volume
BROKER

Hirshmark Capital
LENDER

Details

FINANCED
IMAGE: Christopher J. Calabrese & Bert R. Dweck DATE: 05/14/2024 ADDRESS: 980-986 E 35th Street MARKET: Flatbush, Brooklyn ASSET TYPE: Industrial ~ SF: 7,200 LENDER: Hirshmark Capital (@HirshmarkCapital) - Bert R. Dweck (@Bert_Dweck) LANDLORD: Mary DiNicola BROKER: Christopher J. Calabrese (@ChristopherJCalabrese) - The CS Organization LOAN AMOUNT: $1,500,000 LOAN TYPE: Bridge

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$1,500,000.00

Monthly NOI$10,000.00
Monthly Debt Service$9,481.02
Change in Cash Flow$0.00
Refinance Proceeds$0.00