Hirshmark Capital Provides $7.45M Refinance Loan For Mixed-use Property In Williamsburg, Brooklyn
110 Kent Avenue, Brooklyn, New York 11249, United States
$7,450,000
$596/SF
Building Size
12,500 SF
Asset Type
Mixed-use
Closing
May 5, 2022
About this deal
AI
Located at 110 Kent Ave in Williamsburg, Brooklyn, this mixed-use property spans across 12,500 square feet. The transaction took place on May 6, 2022, and the property was refinanced for a loan amount of $7,450,000.
Summary of transaction details
- Property Type: Mixed-use
- Transaction Amount: $7,450,000
- Address: 110 Kent Ave
- Market: Williamsburg, Brooklyn
- Loan Type: Refinance
The loan for this transaction was provided by Hirshmark Capital. The landlord of the property is Mark Nagawiecki. The brokers involved in the deal were Jake Soodek and Igor Vaysberg from Hirshmark Capital.
On the Map
$7,450,000
$596/SF
Mixed-use
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Players
New York 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
2.13%
Cash-on-Cash
-0.61%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93