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:
- Property Type: Mixed-use
- Transaction Amount: $23,500,000
- Lender: Robert Schwartz & Shawn Safdie - S3 Capital Partners
- Landlord: Lee Cohen - RedHoek
- Loan Type: Construction
- Date: 12/19/2025
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
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