Cabbad Family Secures $2.5M Refinance Loan From Jake Soodek At Hirshmark Capital For Mixed-use Asset
102 Fifth Avenue, 104 Fifth Avenue & 106 Fifth Avenue
$2,500,000
Building Size
—
Asset Type
Mixed-use
Closing
Dec 18, 2025
About this deal
AI
The property asset involved in this transaction is a mixed-use building located at 102 Fifth Avenue, 104 Fifth Avenue, and 106 Fifth Avenue in Brooklyn. The transaction includes a refinance loan amount of $2,500,000, facilitating the financial restructuring of the asset.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $2,500,000
- Lender: Jake Soodek - Hirshmark Capital
- Landlord: Cabbad Family
- Loan Type: Refinance
The financing deal involves Jake Soodek from Hirshmark Capital, representing the lender in this transaction, while the Cabbad Family is listed as the landlord of the property. The loan serves to refinance existing debt on the mixed-use building.
On the Map
$2,500,000
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
6.35%
Cash-on-Cash
-1.81%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93