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
About this deal
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.
On the Map
$5,700,000
Mixed-use
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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
2.78%
Cash-on-Cash
-0.80%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93