facebook
TradedTraded
    Home
    Search
    Closings
    Listings
    On Market
    Off Market
    Add a listing
    Vaults
    shh
    Rankings
    News
    Data
    Socials
    More


Messages

Go Pro
+ Submit+ Submit a Deal
Home

/

Deals

/

New York

/

Mixed Use

/

Loan

/

639 Rogers Avenue

Jason Schottenfeld And Matthew Pazzaglini Of HudsonPoint Group Secure $1.1M Bridge Loan In Brooklyn
FINANCEDMixed-use

Jason Schottenfeld And Matthew Pazzaglini Of HudsonPoint Group Secure $1.1M Bridge Loan In Brooklyn

639 Rogers Avenue

$1,100,000

$366/SF

Building Size

3,000 SF

Asset Type

Mixed-use

Closing

Aug 7, 2024

AI

The property asset involved in this transaction is a mixed-use building located at 639 Rogers Avenue in Brooklyn, with a total square footage of 3,000. The transaction prominently features a loan amount of $1,100,000, categorized as a bridge loan.

Summary of transaction details:

Key individuals involved in the deal include Jason Schottenfeld and Matthew Pazzaglini representing HudsonPoint Group, along with Sage Usher from USHJO. Their roles as lenders played a significant part in facilitating this bridge loan transaction.

Players

Sage Usher

Lender

$11M

vol

6 deals

Lender
Ushjo
Ushjo Lender

Brooklyn Mixed-use Market Snapshot

Boundary boundary · Mixed-use · Loan transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

14.42%

Cash-on-Cash

-4.12%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93