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157 Smith Street

Rybak Development Secures $2.75M Acquisition Loan From Goodman Capital For Land In Brooklyn
FINANCEDLand

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

Scott Miller

Meridian Capital Group

Broker

$596.9M

vol

14 deals

Broker
Rybak Development
Rybak DevelopmentBuyer

Eric Goodman

Goodman Capital

Lender

$2.8M

vol

1 deal

Lender

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