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2 34 Beach 102 Street

Jake Soodek Of Hirshmark Capital Provides $4.25M Refinance Loan For Retail Property In Rockaway Park
FINANCEDRetail

Jake Soodek Of Hirshmark Capital Provides $4.25M Refinance Loan For Retail Property In Rockaway Park

2 34 Beach 102 Street

$4,250,000

$170/SF

Building Size

25,000 SF

Asset Type

Retail

Closing

Dec 17, 2025

AI

The asset involved in the transaction is a retail property located at 2-34 Beach 102 Street in the Rockaway Park market. The property has a total square footage of 25,000. The loan amount for this refinance transaction is $4,250,000.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: $4,250,000
  • Address: 2-34 Beach 102 Street
  • Market: Rockaway Park
  • Lender: Jake Soodek - Hirshmark Capital
  • Landlord: Steven Newman
  • Landlord's Representative: Isaac Filler, Steven Edelstein & Yossi Koschitzki - Filler Capital
  • Loan Type: Refinance

Key individuals involved in the transaction include Jake Soodek, who is representing Hirshmark Capital as the lender, and Steven Newman, the landlord of the property. The landlord's representation was managed by Isaac Filler, Steven Edelstein, and Yossi Koschitzki from Filler Capital, facilitating the refinance process for the landlord's asset.

Players

Isaac Filler

Filler Capital

Broker

$1.7B

vol

77 deals

Broker
Filler Capital
Filler CapitalBrokerage
Hirshmark Capital
Hirshmark CapitalLender

Steven Newman

Landlord

$22.7M

vol

3 deals

Landlord

Rockaway Park 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