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30 Bushwick Avenue

Updated Oct 9, 2026

Anthony Morena Of MortarArch Secures $7.75M Refinance Loan For Multifamily Asset In Brooklyn
FINANCEDMultiFamily

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

About this deal

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:

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.

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$7,750,000

$310/SF

MultiFamily

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Players

Jake Soodek

Hirshmark Capital

Lender

$173.4M

vol

28 deals

Lender
Hirshmark Capital
Hirshmark CapitalLender

Anthony Morena

MortarArch

Landlord

$71.4M

vol

13 deals

Landlord
Montar Group
Montar GroupLandlord
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Brooklyn MultiFamily Market Snapshot

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Deal FAQ

About $310 per square foot on a published $7.8M for 25,000 square feet (2025).

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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

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