Jake Soodek Of Hirshmark Capital Provides $3.25M Refinance Loan For Mixed-Use Property In East Harlem
88 East 111th Street & 524 East 119th Street
$3,250,000
Building Size
—
Asset Type
Mixed-use
Closing
Sep 29, 2025
About this deal
AI
The mixed-use asset is located at 88 East 111th Street & 524 East 119th Street in the East Harlem market. The loan amount associated with this property is $3,250,000, which is designated for refinancing purposes.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $3,250,000
- Lender: Jake Soodek - Hirshmark Capital
- Landlord: Peterson Family
- Loan Type: Refinance
- Transaction Date: 9/30/2025
This transaction highlights the involvement of key individuals, including Jake Soodek representing Hirshmark Capital as the lender and the Peterson Family acting as the landlord for the property, illustrating the professional relationships underpinning this financing deal.
On the Map
$3,250,000
Mixed-use
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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
4.88%
Cash-on-Cash
-1.39%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93