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55 Smith Street

Daryl Hagler & Allen Weinstein Of CDK Capital Group Provide $52 Million Loan For Brooklyn Land
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

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:

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.

Players

Steven Hersko

SHB Group

Broker

$321.9M

vol

6 deals

Broker

Daryl Hagler

CDK Capital Group

Lender

$559.2M

vol

11 deals

Lender
CDK Capital
CDK CapitalLender

Brooklyn Land Market Snapshot

Boundary boundary · Land · Loan transactions

Loading comparables…

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