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
About this deal
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.
On the Map
$1,750,000
$250/SF
Mixed-use
View full map
Players
New York Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Loan transactions
Loading comparables…
Deal FAQ
Visit Mark Levin to view all their deals.
Browse New York mixed use loans on Traded.
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