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

/

83-17 Broadway

Jake Soodek Of Hirshmark Capital Provides $2.75M Bridge Loan To Foukalas Family In Elmhurst
FINANCEDMixed-use

Jake Soodek Of Hirshmark Capital Provides $2.75M Bridge Loan To Foukalas Family In Elmhurst

83-17 Broadway

$2,750,000

$161/SF

Building Size

17,000 SF

Asset Type

Mixed-use

Closing

Sep 3, 2024

AI

83-17 Broadway is a mixed-use property located in the Elmhurst market, encompassing 17,000 square feet. A loan amount of $2,750,000 has been secured for this property under a bridge loan type.

Summary of transaction details:

The transaction involves key individuals including Jake Soodek who represents the lender, Hirshmark Capital. The landlord of the property is the Foukalas Family, and Steven Vasilantonakis serves as the broker representing the deal through Cosmos Capital Group.

Players

Steven Vasilantonakis

Cosmos Capital Group

Broker

$2.8M

vol

1 deal

Broker

Elmhurst 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

5.77%

Cash-on-Cash

-1.65%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93