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305 Smith Street

Jake Soodek Of Hirshmark Capital Provides $5.7M Refinance Loan For Geritano Family Property
FINANCEDMixed-use

Jake Soodek Of Hirshmark Capital Provides $5.7M Refinance Loan For Geritano Family Property

305 Smith Street & 502 Henry Street

$5,700,000

Building Size

Asset Type

Mixed-use

Closing

Apr 29, 2026

AI

The asset involved in this transaction is a mixed-use property located at 305 Smith Street and 502 Henry Street in the Brooklyn market. The loan amount secured for this property is $5,700,000 as part of a refinance transaction.

Summary of transaction details:

  • Property Type: Mixed-use
  • Transaction Amount: $5,700,000
  • Lender: Jake Soodek - Hirshmark Capital
  • Landlord: Geritano Family
  • Landlord's Representative: Gregory Vassilakos
  • Loan Type: Refinance

This transaction features key individuals including Jake Soodek, who is representing Hirshmark Capital as the lender. Additionally, the Geritano Family is identified as the landlord, with Gregory Vassilakos acting as the representative for the landlord in this transaction.

Players

Gregory Vassilakos

Broker

$125.1M

vol

7 deals

Broker
Jake Soodek

Jake Soodek

Hirshmark Capital

Lender

$208.8M

vol

35 deals

Lender

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

2.78%

Cash-on-Cash

-0.80%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93