Lee Cohen Of RedHoek Secures $23.5M Construction Loan For Mixed-Use Property In Brooklyn
FINANCED
$23,500,000
New York
See Similar DealsMixed-use
Financed 12/19/2025
FINANCED
Lee Cohen Of RedHoek Secures $23.5M Construction Loan For Mixed-Use Property In Brooklyn
379 Van Brunt Street
See Similar DealsMixed-use
Financed 12/19/2025
Summary
NEW YORK
Asset Type:Mixed-use
Transaction Type:Loan
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
LENDER
Details
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$23,500,000.00
Monthly NOI$156,666.67
Monthly Debt Service$148,535.99
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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