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Angelo Rigas Of Cos Management & Realty Refinances Brooklyn Properties With $50 Million Loan

Property Image
FINANCED
$50,000,000

New York

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Mixed-use917,790 SF
Financed 08/22/2025
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Property Image
FINANCED

Angelo Rigas Of Cos Management & Realty Refinances Brooklyn Properties With $50 Million Loan

4920 Third Avenue, 5102 Third Avenue & 4802 Third Avenue

See Similar Deals
Mixed-use917,790 SF
Financed 08/22/2025
the dealplayerscompscontact
Contact now

Summary

NEW YORK
Asset Type:Mixed-use
Price Per Square Foot:$54
Total Square Footage:917,790 SF
Transaction Type:Loan

The transaction involves multifamily and industrial properties located at 4920 Third Avenue, 5102 Third Avenue, and 4802 Third Avenue in the Sunset Park neighborhood of Brooklyn. The asset encompasses a total square footage of 305,930. The loan secured for refinancing amounts to $50,000,000.

Summary of transaction details:

  • Property Type: Multifamily & Industrial
  • Transaction Amount: $50,000,000
  • Lender: Hirshmark Capital
  • Landlord: Angelo Rigas - Cos Management & Realty
  • Loan Type: Refinance
  • Date: 08/22/2025
  • Address: 4920 Third Avenue, 5102 Third Avenue & 4802 Third Avenue
  • Market: Sunset Park, Brooklyn
  • Number of Residential Units: 147

Angelo Rigas, representing Cos Management & Realty, has successfully refinanced eight properties located in Brooklyn, which contain a total of 147 residential units. This strategic financial arrangement relies on the expertise of Hirshmark Capital as the lender for this transaction.

Players

Hirshmark Capital
Hirshmark Capital
LENDER

Details

FINANCED
IMAGE: 08/22/2025 ADDRESS: 4920 Third Avenue, 5102 Third Avenue & 4802 Third Avenue MARKET: Sunset Park, Brooklyn ASSET TYPE: Multifamily & Industrial ~ SF: 305,930 LENDER: Hirshmark Capital (@HirshmarkCapital) LANDLORD: Angelo Rigas - Cos Management & Realty LOAN AMOUNT: $50,000,000 LOAN TYPE: Refinance NOTE: Angelo Rigas’ Cos Management & Realty refinanced eight Brooklyn properties with 147 residential units in a $50 million loan from Hirshmark Capital. &Realty

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$50,000,000.00

Monthly NOI$333,333.33
Monthly Debt Service$316,034.01
Change in Cash Flow$0.00
Refinance Proceeds$0.00