Jake Soodek Of Hirshmark Capital Provides $4.25M Refinance Loan To Ambrosino Family In Brooklyn
1285 Broadway & 38 Goodwin Place
$4,250,000
$212/SF
Building Size
20,000 SF
Asset Type
Retail
Closing
May 21, 2026
AI
The property asset involved in this transaction is located at 1285 Broadway & 38 Goodwin Place in Brooklyn. The asset includes a retail and development site with a total square footage of 20,000 and a buildable square footage of 25,000. The loan amount associated with this property is $4,250,000, categorized as a refinance.
Summary of transaction details:
- Property Type: Retail & Development Site
- Transaction Amount: $4,250,000
- Lender: Jake Soodek - Hirshmark Capital
- Landlord: Ambrosino Family
- Loan Type: Refinance
- Date: 5/22/2026
The key individuals involved in this transaction include Jake Soodek, representing Hirshmark Capital as the lender, and the Ambrosino Family serving as the landlord for the property. Their roles are instrumental in the refinancing process of the asset situated in Brooklyn.
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
3.73%
Cash-on-Cash
-1.07%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93