Updated Dec 16, 2025
Hirshmark Capital Provides $2.4M Bridge Loan For Multifamily Property In NYC
3732 89th Street
$2,400,000
$328/SF
Building Size
7,300 SF
Asset Type
MultiFamily
Closing
Apr 20, 2023
About this deal
AI
The multifamily property located at 3732 89th Street in New York City was involved in a loan transaction. The property has a total square footage of 7,300 and consists of 7 units. The loan was provided by Hirshmark Capital, with Bert R. Dweck serving as the representative for the lender. The landlord of the property is Weitao Shi & Yong Chen.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $2,400,000
- Loan Type: Bridge
- Lender: Hirshmark Capital - Bert R. Dweck
- Landlord: Weitao Shi & Yong Chen
The loan amount for the transaction was $2,400,000 and it was classified as a bridge loan. This loan was secured for the multifamily property at 3732 89th Street in New York City. Hirshmark Capital, represented by Bert R. Dweck, provided the funding for the loan. Weitao Shi & Yong Chen are the landlords of the property.
On the Map
$2,400,000
$328/SF
MultiFamily
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Players
Market 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
6.61%
Cash-on-Cash
-1.89%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93