Anthony Morena Of MortarArch Secures $7.75M Refinance Loan For Multifamily Asset In Brooklyn
30 Bushwick Avenue
$7,750,000
$310/SF
Building Size
25,000 SF
Asset Type
MultiFamily
Closing
Jun 30, 2025
AI
The property asset involved in this transaction is a multifamily building located at 30 Bushwick Avenue in Brooklyn. The asset consists of 25,000 square feet and contains 21 units. The transaction was a refinance, with a loan amount of $7,750,000.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $7,750,000
- Address: 30 Bushwick Avenue
- Market: Brooklyn
- Square Footage: 25,000
- Units: 21
- Lender: Jake Soodek - Hirshmark Capital
- Landlord: Anthony Morena - MortarArch
- Loan Type: Refinance
This transaction involves notable individuals in the real estate sector. Jake Soodek represented Hirshmark Capital as the lender for this refinance deal. Anthony Morena is the landlord involved, representing MortarArch in the transaction.
Players
Brooklyn 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
2.05%
Cash-on-Cash
-0.58%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93