Jake Soodek Of Hirshmark Capital Provides $8.5M Refinance Loan For Retail Asset In Brooklyn
110 Kent Avenue
$8,500,000
$566/SF
Building Size
15,000 SF
Asset Type
Retail
Closing
Dec 8, 2025
About this deal
AI
The property asset involved in this transaction is a retail space located at 110 Kent Avenue in Brooklyn, featuring a total square footage of 15,000. The refinance loan for this property amounts to $8,500,000.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $8,500,000
- Loan Type: Refinance
- Lender: Jake Soodek - Hirshmark Capital
- Landlord: Mark Nagawiecki
In this transaction, Jake Soodek, representing Hirshmark Capital, facilitated the loan, while Mark Nagawiecki served as the landlord of the property involved in the deal. Key individuals played crucial roles in enabling this refinance process.
On the Map
$8,500,000
$566/SF
Retail
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Players
Brooklyn Retail Market Snapshot
Boundary boundary · Retail · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.87%
Cash-on-Cash
-0.53%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93