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
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