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
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