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Hirshmark Capital Provides $4.1M Acquisition Loan For Mixed-Use Property On Stone St In FiDi

Property Image
FINANCED
$4,100,000
Bert R. Dweck
Jake Soodek
+ 1

New York

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Mixed-use7,500 SF
Financed 09/15/2021
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Property Image
FINANCED

Hirshmark Capital Provides $4.1M Acquisition Loan For Mixed-Use Property On Stone St In FiDi

52 Stone Street, Manhattan, New York, NY, USA

See Similar Deals
Mixed-use7,500 SF
Financed 09/15/2021
Bert R. Dweck
Jake Soodek
+ 1
Contact now

Summary

NEW YORK
Asset Type:Mixed-use
Price Per Square Foot:$546
Total Square Footage:7,500 SF
Transaction Type:Loan

The mixed-use property located at 52 Stone St in the FiDi market has been involved in a recent transaction. The property spans approximately 7,500 square feet and features a combination of residential and commercial spaces.

Summary of Transaction Details

Leading the deal from the lender's side was Hirshmark Capital, providing a loan of $4,100,000 for the acquisition. Ronan Downs acted as the landlord in this transaction. On the brokerage side, Jake Soodek and Bert Dweck represented Hirshmark Capital, while Ahron Sussman served as the broker from Ariel Property Advisors. Together, they facilitated the successful completion of this property acquisition.

Players

Bert R. Dweck
23 deals$105.8M volume
BROKER

Ahron Sussman
Ariel Property Advisors
2 deals$10.4M volume
BROKER

Jake Soodek
34 deals$204.6M volume(212) 321-0421
BROKER

Hirshmark Capital
LENDER

Details

FINANCED
IMAGE: Ahron Sussman, Jake Soodek & Bert Dweck DATE: 09/15/2021 ADDRESS: 52 Stone St MARKET: FiDi ASSET TYPE: Mixed-use ~ SF: 7,500 LENDER: Hirshmark Capital LANDLORD: Ronan Downs BROKERS: Jake Soodek (@JakeSoodek) & Bert Dweck (@Bert_Dweck) - Hirshmark Capital & Ahron Sussman - Ariel Property Advisors LOAN AMOUNT: $4,100,000 LOAN TYPE: Acquisition

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$4,100,000.00

Monthly NOI$27,333.33
Monthly Debt Service$25,914.79
Change in Cash Flow$0.00
Refinance Proceeds$0.00