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347 Berry Street

Jeremy Scherr & Sam Friedman Of The Gora Group Secure $10.6M Refinance Loan In Brooklyn
FINANCEDMixed-use

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

Jonathan Aghravi

JBA Equities

Broker

$1.6B

vol

49 deals

Broker
JBA Equities
JBA EquitiesBrokerage

Sam Friedman

Landlord

$13.9M

vol

4 deals

Landlord

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