Jeremy Scherr & Sam Friedman Of The Gora Group Secure $10.6M Refinance Loan In Brooklyn
347 Berry Street
$10,600,000
$569/SF
Building Size
18,619 SF
Asset Type
Mixed-use
Closing
Jun 25, 2025
AI
The property asset involved in this transaction is a mixed-use building located at 347 Berry Street in Brooklyn, encompassing a total square footage of 18,619. The loan amount secured for this asset is $10,600,000 through a refinance arrangement.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $10,600,000
- Lender: Amalgamated Bank
- Landlord: Jeremy Scherr & Sam Friedman - The Gora Group
- Brokers: Jonathan Aghravi & Luke Lopez - JBA Equities
- Date of Transaction: 6/26/2025
This transaction involved key individuals including Jeremy Scherr and Sam Friedman who represent the landlord through their company, The Gora Group. The brokers, Jonathan Aghravi and Luke Lopez, facilitated the deal under JBA Equities, ensuring all necessary arrangements were made for the refinancing process.
Players
Brooklyn 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
1.50%
Cash-on-Cash
-0.43%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93