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Hirshmark Capital Provides $1.75M Loan For Mixed-Use Property In Williamsburg, Brooklyn

Property Image
FINANCED
$1,750,000
Jake Soodek
Igor Vaysberg
+ 1

New York

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Mixed-use7,000 SF
Financed 04/30/2020
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Property Image
FINANCED

Hirshmark Capital Provides $1.75M Loan For Mixed-Use Property In Williamsburg, Brooklyn

275 Broadway, Brooklyn, NY 11211, USA

See Similar Deals
Mixed-use7,000 SF
Financed 04/30/2020
Jake Soodek
Igor Vaysberg
+ 1
Contact now

Summary

NEW YORK
Asset Type:Mixed-use
Price Per Square Foot:$250
Total Square Footage:7,000 SF
Transaction Type:Loan

Located at 275 Broadway in Williamsburg, Brooklyn, this mixed-use property has recently undergone a closed transaction. The property spans across 7,000 square feet, offering ample space for a variety of purposes. The deal was facilitated by brokers Jake Soodek, Mark Levin, and Igor Vaysberg from Hirshmark Capital, representing the buyers. The loan amount for this transaction amounted to $1,750,000. The lender involved in this deal is Hirshmark Capital, while the landlord is Mario Hernandez.

Summary of transaction details:

  • Property Type: Mixed-use
  • Transaction Amount: $1,750,000
  • Square Footage: 7,000 SF
  • Market: Williamsburg, Brooklyn

The involvement of key individuals and companies in this deal further highlights its significance. The brokers from Hirshmark Capital, namely Jake Soodek, Mark Levin, and Igor Vaysberg, played a vital role in representing the buyers throughout the transaction process. Their expertise and negotiation skills contributed to the successful completion of this closed property deal.

Players

11 deals$75.3M volume(347) 836-6946
BROKER

Mark Levin
3 deals$7.9M volume
BROKER

Jake Soodek
35 deals$208.8M volume(212) 321-0421
BROKER

Hirshmark Capital
LENDER

Details

FINANCED
IMAGE: IMAGE: Mark Levin, Jake Soodek & Igor Vaysberg DATE: 04/30/2020 ADDRESS: 275 Broadway MARKET: Williamsburg, Brooklyn ASSET TYPE: Mixed-use LOAN AMOUNT: $1,750,000 SF: 7,000 LENDER: Hirshmark Capital LANDLORD: Mario Hernandez BROKERS: Jake Soodek, Mark Levin, Igor Vaysberg @HirshmarkCapital

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$1,750,000.00

Monthly NOI$11,666.67
Monthly Debt Service$11,061.19
Change in Cash Flow$0.00
Refinance Proceeds$0.00