facebook
TradedTraded
    Home
    Search
    Closings
    Listings
    On Market
    Off Market
    Add a listing
    Vaults
    shh
    Rankings
    News
    Data
    Socials
    More


Messages

Go Pro
+ Submit+ Submit a Deal
Home

/

Deals

/

New York

/

Mixed Use

/

Loan

/

275 Broadway, Brooklyn, NY ...

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

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

275 Broadway, Brooklyn, NY 11211, USA

$1,750,000

$250/SF

Building Size

7,000 SF

Asset Type

Mixed-use

Closing

Apr 29, 2020

AI

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

Igor Vaysberg

Broker

$75.3M

vol

11 deals

Broker
Hirshmark Capital
Hirshmark CapitalLender

Mario Hernandez

Landlord

$3.8M

vol

2 deals

Landlord

New York Mixed-use Market Snapshot

Boundary boundary · Mixed-use · Loan transactions

Loading comparables…

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