Jake Soodek Of Hirshmark Capital Provides $1.9M Refinance Loan To Landlord Betty Valentine In Brooklyn
397 Fifth Avenue
$1,900,000
$542/SF
Building Size
3,500 SF
Asset Type
Mixed-use
Closing
Dec 31, 2025
About this deal
AI
The property asset involved in the transaction is a mixed-use building located at 397 Fifth Avenue, Brooklyn, with a total square footage of 3,500. The loan amount for this refinancing deal is $1,900,000.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $1,900,000
- Loan Type: Refinance
- Lender: Jake Soodek - Hirshmark Capital
- Landlord: Betty Valentine
Key individuals in this transaction include Jake Soodek, who represents Hirshmark Capital as the lender, and Betty Valentine, who is the landlord associated with the property.
On the Map
$1,900,000
$542/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
8.35%
Cash-on-Cash
-2.39%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93