Hirshmark Capital Provides $2.4M Refinance Loan For Mixed-Use Property In Brooklyn Heights
144 Montague Street, Brooklyn, New York 11201, United States
$2,400,000
$400/SF
Building Size
6,000 SF
Asset Type
Mixed-use
Closing
Feb 2, 2022
About this deal
AI
Located at 144 Montague Street in Brooklyn Heights, Brooklyn, this mixed-use property is a significant asset in the market. Spanning across 6,000 square feet, the property offers a versatile space for both residential and commercial purposes.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $2,400,000
- Market: Brooklyn Heights, Brooklyn
The loan for this property was facilitated by Hirshmark Capital, providing a refinance loan to support the transaction. The landlord, Tony Bates, was represented by broker Jake Soodek from Hirshmark Capital.
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
6.61%
Cash-on-Cash
-1.89%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93