Eddie Keda Of EMK Advisors Represents Landlord In $940,000 Bridge Loan At 161 Park Avenue
161 Park Avenue
$940,000
$251/SF
Building Size
3,740 SF
Asset Type
Mixed-use
Closing
Aug 14, 2026
About this deal
AI
A mixed-use property located at 161 Park Avenue in Brooklyn was involved in a loan transaction. The asset features a square footage of 3,740 and secured a loan amount of $940,000 classified as a bridge loan.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $940,000
- Lender: Truestone
- Landlord's Representative: Eddie Keda - EMK Advisors
- Loan Type: Bridge
- Date: 08/14/2026
The deal was characterized by effective teamwork and communication. Eddie Keda of EMK Advisors was recognized for his professionalism and responsiveness throughout the process. The Truestone team was also commended for their ability to facilitate a smooth one-week close, demonstrating flexibility and strong execution during the transaction.
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
16.88%
Cash-on-Cash
-4.82%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93