Eli Ben-Meir Of Arion Fund Provides $1.68M Bridge Loan For 22-Unit Mixed-Use Asset In Brooklyn
350 Ocean Avenue
$1,680,000
$108/SF
Building Size
15,425 SF
Asset Type
Mixed-use
Closing
Sep 29, 2026
About this deal
AI
The property asset involved is located at 350 Ocean Avenue in Brooklyn. This mixed-use asset consists of 15,425 square feet and includes 22 units, comprising 1 commercial unit and 21 residential units.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $1,680,000
- Address: 350 Ocean Avenue
- Market: Brooklyn
- Units: 22 (1 Commercial & 21 Residential)
- Lender: Eli Ben-Meir - Arion Fund
- Borrower: Rosario Parlanti
- Loan Type: Bridge
The deal was facilitated by Eli Ben-Meir representing Arion Fund, which recently closed the loan aimed at financing both the purchase and rehabilitation of the property in Prospect Park South, Brooklyn.
On the Map
$1,680,000
$108/SF
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
9.44%
Cash-on-Cash
-2.70%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93