Hirshmark Capital Provides $1.75M Loan For Mixed-Use Property On Fulton Street, Brooklyn
1271 Fulton Street, Brooklyn, NY, USA
$1,750,000
$3,684/SF
Building Size
475 SF
Asset Type
Mixed-use
Closing
Dec 3, 2020
About this deal
AI
Located at 1271-1273 Fulton Street in Brooklyn, this mixed-use property was involved in a recent closed transaction. The loan for this property was provided by @HirshmarkCapital, with Jake Soodek representing the lender. The loan amount for the transaction was $1,750,000. The landlord of the property is Rawlston Charles. The transaction took place on December 4, 2020.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $1,750,000
- Lender: @HirshmarkCapital - Jake Soodek
- Landlord: Rawlston Charles
This transaction involved a mixed-use property in Brooklyn located at 1271-1273 Fulton Street. Jake Soodek from @HirshmarkCapital represented the lender in this deal. The loan amount for the transaction was $1,750,000. Rawlston Charles acted as the landlord of the property.
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
9.06%
Cash-on-Cash
-2.59%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93