Updated Sep 23, 2026
Jacob Kassin & Ariel Arje Of JOJA Capital Secures $4 Million Bridge Loan For Multifamily Asset In Brooklyn
1710 Newkirk Avenue
$4,000,000
$232/SF
Building Size
17,213 SF
Asset Type
MultiFamily
Closing
Jul 20, 2026
About this deal
AI
The property asset involved in the transaction is a MultiFamily asset located at 1710 Newkirk Avenue in Brooklyn. It encompasses a total square footage of 17,213 and consists of 19 units.
Summary of transaction details:
- Property Type: MultiFamily
- Transaction Amount: $4,000,000
- Loan Type: Bridge
- Loan Terms: 24 Months, 80% LTC, 9.75% Rate
- Time to Close: 30 Days
The deal was facilitated by brokers Jacob Kassin and Ariel Arje from JOJA Capital. JOJA Capital specializes in arranging debt for commercial and residential real estate owners, as well as developers nationwide, offering services that include permanent debt, bridge loans, construction financing, and residential debt with precision and speed.
On the Map
$4,000,000
$232/SF
MultiFamily
View full map
Players
Brooklyn MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Loan transactions
Loading comparables…
Deal FAQ
Visit Jacob Kassin to view all their deals.
Browse Brooklyn multifamily loans on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
3.97%
Cash-on-Cash
-1.13%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93