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145 Huntington St, Brooklyn...

Hirshmark Capital Provides $7.5M Loan For Multifamily Property In Carroll Gardens, Brooklyn
FINANCEDMultiFamily

Hirshmark Capital Provides $7.5M Loan For Multifamily Property In Carroll Gardens, Brooklyn

145 Huntington St, Brooklyn, NY 11231, USA

$7,500,000

$68/SF

Building Size

110,000 SF

Asset Type

MultiFamily

Closing

Dec 26, 2019

AI

Located at 145 Huntington Street in the Carroll Gardens neighborhood of Brooklyn, this multifamily property was recently involved in a closed transaction. The property features a total of 6 units and spans across 11,000 square feet. The deal was brokered by Jake Soodek and Peter Cohen from Hirshmark Capital, representing the buyer.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $7,500,000
  • Rate: 7.25%
  • Address: 145 Huntington Street
  • Market: Carroll Gardens, Brooklyn
  • Lender: Hirshmark Capital
  • Landlord: Awaye Realty - Arlene Waye
  • Brokers: Jake Soodek, Peter Cohen - Hirshmark Capital
  • Square Footage: 11,000
  • Units: 6

The transaction was facilitated by Hirshmark Capital, with Jake Soodek and Peter Cohen representing the buyer. Arlene Waye from Awaye Realty acted as the landlord in this deal.

Players

Peter Cohen

Broker

$44.6M

vol

9 deals

Broker
Hirshmark Capital
Hirshmark CapitalLender

Arlene Waye

Landlord

$10.7M

vol

2 deals

Landlord

New York MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Loan transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

2.12%

Cash-on-Cash

-0.60%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93