Comjem Associates Secures $4.8 Million Refinance From Peapack Private Bank For Mixed-Use Properties
574 Atlantic Avenue & 576 Atlantic Avenue
$4,800,000
$461/SF
Building Size
10,400 SF
Asset Type
Mixed-use
Closing
Sep 8, 2026
About this deal
AI
Two mixed-use properties located at 574 Atlantic Avenue and 576 Atlantic Avenue in Boerum Hill, Brooklyn, are involved in this transaction. The total built space amounts to 10,400 square feet, featuring a combination of six residential units. The loan has been secured for a refinance amount of $4,800,000.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $4,800,000
- Lender: Peapack Private Bank & Trust
- Landlord: Jack Cohen - Comjem Associates
Comjem Associates, represented through 574 Atlantic Partners LLC, facilitated the refinance for these properties, enhancing its portfolio in the Boerum Hill market. The transaction reflects the ongoing financial activities involving mixed-use assets in the area.
On the Map
$4,800,000
$461/SF
Mixed-use
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Players
Avenue 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
3.30%
Cash-on-Cash
-0.94%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93