Rybak Development Secures $2.75M Acquisition Loan From Goodman Capital For Land In Brooklyn
157 Smith Street
$2,750,000
Building Size
—
Asset Type
Land
Closing
Mar 18, 2026
AI
The asset involved in this transaction is a land property located at 157 Smith Street in the Brooklyn market. The loan amount for this acquisition is $2,750,000.
Summary of transaction details:
- Property Type: Land
- Transaction Amount: $2,750,000
- Lender: Eric Goodman, Moshe Cohen & Etan Slomovic - Goodman Capital
- Borrower: Rybak Development
- Broker: Scott Miller - Meridian Capital Group
- Loan Type: Acquisition
- Date of Transaction: 3/18/2026
This transaction involves key individuals such as Eric Goodman, Moshe Cohen, and Etan Slomovic representing Goodman Capital, who provided the financing. Scott Miller, affiliated with Meridian Capital Group, acted as the broker for Rybak Development in this acquisition deal.
Players
Brooklyn Land Market Snapshot
Boundary boundary · Land · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.77%
Cash-on-Cash
-1.65%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93