Hirshmark Capital Provides $2 Million Refinance Loan For Mixed-Use Property In Brooklyn
101 Kent Avenue
$2,000,000
$333/SF
Building Size
6,000 SF
Asset Type
Mixed-use
Closing
Apr 7, 2025
About this deal
AI
The property involved in this transaction is a mixed-use asset located at 101 Kent Avenue in Brooklyn, featuring a total square footage of 6,000. The transaction is defined as a refinance, with a loan amount of $2,000,000.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $2,000,000
- Lender: Hirshmark Capital
- Lender's Representative: Jake Soodek
- Landlord: Mark Nagawiecki
- Loan Type: Refinance
The individuals involved in this transaction include Jake Soodek, representing Hirshmark Capital in the capacity of lender, and Mark Nagawiecki, acting as the landlord in this refinance deal.
On the Map
$2,000,000
$333/SF
Mixed-use
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Players
Brooklyn Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
7.93%
Cash-on-Cash
-2.27%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93