FINANCEDLand
Daryl Hagler & Allen Weinstein Of CDK Capital Group Provide $52 Million Loan For Brooklyn Land
55 Smith Street
$52,000,000
Building Size
—
Asset Type
Land
Closing
Jul 28, 2026
About this deal
AI
The transaction involved land located at 55 Smith Street in Brooklyn. The deal centered around a loan amounting to $52,000,000 for predevelopment purposes.
Summary of transaction details:
- Property Type: Land
- Transaction Amount: $52,000,000
- Lender: Daryl Hagler & Allen Weinstein - CDK Capital Group
- Broker: Steven Hersko - SHB Group
- Date of Transaction: 07/28/2026
Daryl Hagler and Allen Weinstein represented CDK Capital Group as lenders in this transaction, while Steven Hersko served as the broker representing the deal from SHB Group.
On the Map
$52,000,000
Land
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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
0.31%
Cash-on-Cash
-0.09%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93