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305 East 109th Street

Bert R. Dweck Of Hirshmark Capital Provides $2.575M Acquisition Loan For Manhattan Multifamily Property
FINANCEDMultiFamily

Bert R. Dweck Of Hirshmark Capital Provides $2.575M Acquisition Loan For Manhattan Multifamily Property

305 East 109th Street, 307 East 109th Street & 326 East 109th Street

$2,575,000

Building Size

Asset Type

MultiFamily

Closing

Nov 18, 2025

AI

The asset involved in this transaction includes three multifamily properties located at 305 East 109th Street, 307 East 109th Street, and 326 East 109th Street in Manhattan. The total loan amount for the acquisition of these properties is $2,575,000.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $2,575,000
  • Lender: Bert R. Dweck - Hirshmark Capital
  • Landlord's Representative: Benjamin Frances - MSCO Capital Advisors
  • Loan Type: Acquisition

The deal involves Bert R. Dweck representing Hirshmark Capital as the lender. Benjamin Frances represents the landlord through MSCO Capital Advisors, providing necessary expertise and support during the acquisition process.

Players

Benjamin Frances

MSCO Capital Advisors

Broker

$109.6M

vol

3 deals

Broker
MA
MSCO Capital AdvisorsBrokerage
Bert R. Dweck

Bert R. Dweck

Lender

$105.8M

vol

23 deals

Lender

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

6.16%

Cash-on-Cash

-1.76%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93