Bert R. Dweck Of Hirshmark Capital Provides $3.9M Refinance Loan For Retail Property In Brooklyn
261 Moore Street
$3,900,000
$260/SF
Building Size
15,000 SF
Asset Type
Retail
Closing
Apr 30, 2025
AI
The property asset involved in this transaction is a retail space located at 261 Moore Street in the Brooklyn market. The asset encompasses a total square footage of 15,000 and is associated with a loan amount of $3,900,000, specifically a refinance loan.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $3,900,000
- Loan Type: Refinance
- Lender: Bert R. Dweck - Hirshmark Capital
- Landlord: Rachel Reichman
- Landlord's Representative: Vincent Coratolo & Chris Agis - Coratolo Associates
The key individuals in this transaction include the lender Bert R. Dweck from Hirshmark Capital, who facilitated the refinance, and the landlord Rachel Reichman. The representation of the landlord was handled by Vincent Coratolo and Chris Agis from Coratolo Associates, ensuring a well-organized transaction process.
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
4.07%
Cash-on-Cash
-1.16%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93