Jake Soodek Of Hirshmark Capital Lends $11.5M To Ali Family For Brooklyn Mixed-Use Property
358 6th Avenue, 225 Bond Street, 4122 Fifth Avenue, 187 Smith Street, 139 Fifth Avenue, 475 Bergen Street & 190 Fifth Avenue
$11,500,000
Building Size
—
Asset Type
Mixed-use
Closing
Jul 31, 2026
About this deal
AI
The transaction involves a mixed-use asset comprising multiple properties located at 358 6th Avenue, 225 Bond Street, 4122 Fifth Avenue, 187 Smith Street, 139 Fifth Avenue, 475 Bergen Street, and 190 Fifth Avenue in Brooklyn. The loan executed for this asset amounts to $11,500,000, classified as a bridge loan.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $11,500,000
- Lender: Jake Soodek - Hirshmark Capital
- Borrower: Ali Family
- Loan Type: Bridge
The deal features Jake Soodek, acting as the lender through Hirshmark Capital, and the Ali Family as the borrower. The loan is intended to facilitate immediate capital needs associated with the mixed-use asset portfolio outlined in this transaction.
On the Map
$11,500,000
Mixed-use
View full map
Players
Brooklyn Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Loan transactions
Loading comparables…
Deal FAQ
Browse Brooklyn mixed use loans on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.38%
Cash-on-Cash
-0.39%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93