FINANCEDMixed-use
Hirshmark Capital Provides $15M Loan For Mixed Use Properties In Brooklyn
619 5th Ave, Brooklyn, NY, USA
$15,000,000
Building Size
—
Asset Type
Mixed-use
Closing
Aug 10, 2021
AI
A $15,000,000 loan has been secured for a mixed-use property located at 619, 4501 & 4505 5th Ave., 883 & 4808 4th Ave. & 5202 6th Ave. in Brooklyn. The loan was provided by Hirshmark Capital.
Summary of transaction details
- Property Type: Mixed Use
- Transaction Amount: $15,000,000
- Lender: Hirshmark Capital
- Landlord: Delvis Valdes
- Broker: Igor Vaysberg - Hirshmark Capital
Delvis Valdes is the landlord of the property, while Igor Vaysberg of Hirshmark Capital served as the broker representative in the deal.
Players
New York 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
1.06%
Cash-on-Cash
-0.30%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93