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379 Van Brunt Street

Lee Cohen Of RedHoek Secures $23.5M Construction Loan For Mixed-Use Property In Brooklyn
FINANCEDMixed-use

Lee Cohen Of RedHoek Secures $23.5M Construction Loan For Mixed-Use Property In Brooklyn

379 Van Brunt Street

$23,500,000

Building Size

Asset Type

Mixed-use

Closing

Dec 18, 2025

AI

The asset located at 379 Van Brunt Street in Brooklyn is a mixed-use property. The financing for this project involves a construction loan amounting to $23,500,000.

Summary of transation details:

S3 Capital Partners, represented by Robert Schwartz and Shawn Safdie, is an active capital provider specializing in multifamily transactions. Lee Cohen, representing RedHoek, is the landlord associated with the asset in question.

Players

Shawn Safdie

S3 Capital

Lender

$2B

vol

87 deals

Lender
S3 Capital
S3 CapitalLender
Lee Cohen

Lee Cohen

RedHoek

Landlord

$299M

vol

25 deals

Landlord

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

0.68%

Cash-on-Cash

-0.19%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93